First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) Sets New 1-Year High Following Dividend Announcement

First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX)’s share price hit a new 52-week high on Wednesday following a dividend announcement from the company. The company traded as high as $141.11 and last traded at $141.1340, with a volume of 3683 shares. The stock had previously closed at $138.87.

The newly announced dividend which will be paid on Tuesday, June 30th. Investors of record on Thursday, June 25th will be paid a dividend of $0.4369 per share. This is a positive change from First Trust Small Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, June 25th. This represents a $1.75 annualized dividend and a yield of 1.2%.

First Trust Small Cap Core AlphaDEX Fund Trading Up 0.5%

The company has a 50-day moving average of $133.89 and a 200-day moving average of $124.79. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 13.79 and a beta of 1.06.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Royal Bank of Canada grew its position in First Trust Small Cap Core AlphaDEX Fund by 17.2% during the 1st 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 during the last quarter. Morgan Stanley raised its holdings in shares of First Trust Small Cap Core AlphaDEX Fund by 6.8% in the fourth quarter. Morgan Stanley now owns 667,395 shares of the company’s stock worth $75,510,000 after buying an additional 42,502 shares during the last quarter. UBS Group AG raised its holdings in shares of First Trust Small Cap Core AlphaDEX Fund by 35.7% in the third quarter. UBS Group AG now owns 291,171 shares of the company’s stock worth $31,732,000 after buying an additional 76,615 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of First Trust Small Cap Core AlphaDEX Fund by 6.1% during the first quarter. Janney Montgomery Scott LLC now owns 253,525 shares of the company’s stock worth $30,259,000 after buying an additional 14,562 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of First Trust Small Cap Core AlphaDEX Fund by 17.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 103,303 shares of the company’s stock worth $11,688,000 after buying an additional 15,162 shares during the period.

First Trust Small Cap Core AlphaDEX Fund Company Profile

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.