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

Key Points

• FYX trading volume surged 269% to approximately 124,596 shares, while the ETF traded at $136.35 versus its prior close of $135.50.
• The fund increased its quarterly dividend to $0.5101 per share, up from $0.4369, equating to an annualized dividend of $2.04 and a 1.5% yield.
• Several institutional investors adjusted their positions, including NBT Bank, which increased its stake by 127.4%, while other firms initiated or modestly expanded holdings.

First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX - ) shares saw an uptick in trading volume on Friday. Approximately 124,596 shares changed hands during mid-day trading, an increase of 269% from the previous session's volume of 33,740 shares. The stock last traded at $136.35 and had previously closed at $135.50.

First Trust Small Cap Core AlphaDEX Fund Stock Performance

The stock has a fifty day simple moving average of $141.44 and a 200-day simple moving average of $135.66. 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 company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were issued a dividend of $0.5101 per share. The ex-dividend date was Thursday, September 24th. This is a boost from First Trust Small Cap Core AlphaDEX Fund's previous quarterly dividend of $0.4369. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.5%.

Hedge Funds Weigh In On First Trust Small Cap Core AlphaDEX Fund

A number of large investors have recently bought and sold shares of the company. NBT Bank N A NY grew its stake in shares of First Trust Small Cap Core AlphaDEX Fund by 127.4% in the first quarter. NBT Bank N A NY now owns 257 shares of the company's stock valued at $31,000 after buying an additional 144 shares in the last quarter. First Bancorp Inc ME bought a new stake in First Trust Small Cap Core AlphaDEX Fund during the second quarter worth $43,000. Milestones Private Investment Advisors LLC raised its position in First Trust Small Cap Core AlphaDEX Fund by 1.9% during the first quarter. Milestones Private Investment Advisors LLC now owns 17,394 shares of the company's stock worth $2,076,000 after acquiring an additional 326 shares in the last quarter. MCF Advisors LLC acquired a new stake in First Trust Small Cap Core AlphaDEX Fund in the second quarter valued at $79,000. Finally, MTM Investment Management LLC lifted its stake in First Trust Small Cap Core AlphaDEX Fund by 1.7% in the first quarter. MTM Investment Management LLC now owns 36,261 shares of the company's stock valued at $4,328,000 after acquiring an additional 621 shares during the last quarter.

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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