First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) Reaches New 52-Week High – Should You Buy?

Shares of First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) hit a new 52-week high on Monday . The stock traded as high as $110.25 and last traded at $110.25, with a volume of 229 shares trading hands. The stock had previously closed at $108.79.

First Trust Small Cap Core AlphaDEX Fund Trading Up 2.2 %

The firm’s 50 day moving average is $100.83 and its two-hundred day moving average is $96.18. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 11.51 and a beta of 1.27.

First Trust Small Cap Core AlphaDEX Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a dividend of $0.516 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 1.86%. This is an increase from First Trust Small Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.37.

Institutional Trading of First Trust Small Cap Core AlphaDEX Fund

A number of institutional investors have recently modified their holdings of FYX. Coppell Advisory Solutions Corp. purchased a new stake in shares of First Trust Small Cap Core AlphaDEX Fund during the 1st quarter worth about $1,643,000. Comerica Bank boosted its holdings in First Trust Small Cap Core AlphaDEX Fund by 1.3% in the 1st quarter. Comerica Bank now owns 22,351 shares of the company’s stock worth $2,084,000 after acquiring an additional 293 shares during the period. Virtu Financial LLC purchased a new position in First Trust Small Cap Core AlphaDEX Fund in the 1st quarter worth approximately $1,058,000. Cetera Investment Advisers boosted its holdings in First Trust Small Cap Core AlphaDEX Fund by 91.8% in the 1st quarter. Cetera Investment Advisers now owns 200,490 shares of the company’s stock worth $18,694,000 after acquiring an additional 95,932 shares during the period. Finally, Cetera Advisors LLC boosted its holdings in First Trust Small Cap Core AlphaDEX Fund by 358.6% in the 1st quarter. Cetera Advisors LLC now owns 101,369 shares of the company’s stock worth $9,452,000 after acquiring an additional 79,263 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.