First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) Stock Price Down 0.2% - Should You Sell?

Key Points

• FYX fell 0.2% to $137.73 in light trading, with 18,017 shares changing hands—47% below its average volume. Its market capitalization is approximately $1.37 billion, with a P/E ratio of 13.79 and beta of 1.08.
• The ETF increased its quarterly dividend to $0.5101 per share, equivalent to $2.04 annually and a 1.5% yield, up from the previous $0.4369 payment.
• Institutional investors generally increased their positions, including Envestnet Asset Management, which boosted its holdings by 159.5%, and Concurrent Investment Advisors, which raised its stake by 25.8%.

Shares of First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX - ) fell 0.2% on Friday. The company traded as low as $136.25 and last traded at $137.73. Approximately 18,017 shares changed hands during trading, a decline of 47% from the average session volume of 34,119 shares. The stock had previously closed at $138.07.

First Trust Small Cap Core AlphaDEX Fund Stock Down 0.2%

The company's fifty day moving average is $138.80 and its two-hundred day moving average is $137.46. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 13.79 and a beta of 1.08.

First Trust Small Cap Core AlphaDEX Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were given a $0.5101 dividend. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.5%. This is a boost from First Trust Small Cap Core AlphaDEX Fund's previous quarterly dividend of $0.4369.

Institutional Investors Weigh In On First Trust Small Cap Core AlphaDEX Fund

Several institutional investors have recently modified their holdings of the company. Royal Bank of Canada grew its stake in shares of First Trust Small Cap Core AlphaDEX Fund by 17.2% during the first quarter. Royal Bank of Canada now owns 708,400 shares of the company's stock worth $84,550,000 after purchasing an additional 103,921 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in First Trust Small Cap Core AlphaDEX Fund by 6.1% in the first quarter. Janney Montgomery Scott LLC now owns 253,525 shares of the company's stock valued at $30,259,000 after buying an additional 14,562 shares in the last quarter. Concurrent Investment Advisors LLC raised its stake in First Trust Small Cap Core AlphaDEX Fund by 25.8% in the second quarter. Concurrent Investment Advisors LLC now owns 107,601 shares of the company's stock valued at $15,526,000 after buying an additional 22,084 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in First Trust Small Cap Core AlphaDEX Fund by 159.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 101,266 shares of the company's stock worth $14,612,000 after buying an additional 62,240 shares during the last quarter. Finally, Chicago Partners Investment Group LLC lifted its holdings in 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 worth $9,573,000 after buying an additional 1,286 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.