First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) Sees Strong Trading Volume - Here's Why

Key Points

• FYX trading volume surged 94% to approximately 62,072 shares, while the ETF rose 0.2% to $137.0280. Its market capitalization is $1.36 billion, with a P/E ratio of 13.79 and beta of 1.05.
• First Trust raised the quarterly dividend to $0.5101 per share, up from $0.4369, implying a $2.04 annualized payout and a 1.5% yield. The dividend is payable September 30 to shareholders of record September 24.
• Several institutional investors increased their FYX holdings during the first quarter, including Janney Montgomery Scott, Chicago Partners Investment Group, Kestra Advisory Services, and Private Advisor Group.

First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX - ) shares saw strong trading volume on Friday. Approximately 62,072 shares were traded during mid-day trading, an increase of 94% from the previous session's volume of 32,000 shares. The stock last traded at $137.0280 and had previously closed at $136.49.

First Trust Small Cap Core AlphaDEX Fund Stock Up 0.2%

The business's 50 day simple moving average is $142.09 and its two-hundred day simple moving average is $135.05. The stock has a market cap of $1.36 billion, a P/E ratio of 13.79 and a beta of 1.05.

First Trust Small Cap Core AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th will be paid a dividend of $0.5101 per share. The ex-dividend date of this dividend is Thursday, September 24th. This is an increase from First Trust Small Cap Core AlphaDEX Fund's previous quarterly dividend of $0.4369. This represents a $2.04 annualized dividend and a dividend yield of 1.5%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FYX. Chicago Partners Investment Group LLC boosted its position in shares of First Trust Small Cap Core AlphaDEX Fund by 1.8% during the 1st quarter. Chicago Partners Investment Group LLC now owns 72,627 shares of the company's stock valued at $9,573,000 after purchasing an additional 1,286 shares in the last quarter. Kestra Advisory Services LLC boosted its holdings in shares of First Trust Small Cap Core AlphaDEX Fund by 4.4% during the 1st quarter. Kestra Advisory Services LLC now owns 58,405 shares of the company's stock worth $6,971,000 after buying an additional 2,477 shares in the last quarter. NBT Bank N A NY grew its position in shares of First Trust Small Cap Core AlphaDEX Fund by 127.4% during the 1st quarter. NBT Bank N A NY now owns 257 shares of the company's stock worth $31,000 after buying an additional 144 shares during the period. Private Advisor Group LLC grew its position in shares of First Trust Small Cap Core AlphaDEX Fund by 18.6% during the 1st quarter. Private Advisor Group LLC now owns 6,938 shares of the company's stock worth $828,000 after buying an additional 1,088 shares during the period. Finally, Janney Montgomery Scott LLC lifted its position in shares of First Trust Small Cap Core AlphaDEX Fund by 6.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 253,525 shares of the company's stock valued at $30,259,000 after acquiring an additional 14,562 shares during the period.

About First Trust Small Cap Core AlphaDEX Fund

The First Trust Small Cap Core AlphaDEX Fund (FYX) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Small Cap Core index. The fund tracks an index of small-cap stocks selected based on quantitatively driven growth and value factors. FYX was launched on May 8, 2007 and is managed by First Trust.

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