First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) Reaches New 1-Year High – Here’s Why

First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) reached a new 52-week high on Wednesday . The company traded as high as $128.47 and last traded at $127.97, with a volume of 52034 shares. The stock had previously closed at $126.94.

First Trust Small Cap Core AlphaDEX Fund Trading Up 0.4%

The company has a market cap of $1.16 billion, a price-to-earnings ratio of 13.79 and a beta of 1.06. The business has a fifty day moving average of $121.97 and a two-hundred day moving average of $116.39.

First Trust Small Cap Core AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a $0.2029 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.81 dividend on an annualized basis and a yield of 0.6%.

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

A number of large investors have recently bought and sold shares of FYX. Thurston Springer Miller Herd & Titak Inc. raised its holdings in First Trust Small Cap Core AlphaDEX Fund by 67.4% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 405 shares of the company’s stock worth $46,000 after purchasing an additional 163 shares during the period. CX Institutional acquired a new position in First Trust Small Cap Core AlphaDEX Fund in the 3rd quarter worth about $68,000. Sound Income Strategies LLC acquired a new position in First Trust Small Cap Core AlphaDEX Fund in the 4th quarter worth about $161,000. Walkner Condon Financial Advisors LLC acquired a new position in First Trust Small Cap Core AlphaDEX Fund in the 3rd quarter worth about $201,000. Finally, Sagespring Wealth Partners LLC purchased a new stake in First Trust Small Cap Core AlphaDEX Fund during the 4th quarter worth approximately $203,000.

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.