First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) Sets New 12-Month High – Still a Buy?

Shares of First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $143.50 and last traded at $143.33, with a volume of 2807 shares traded. The stock had previously closed at $142.95.

First Trust Small Cap Core AlphaDEX Fund Stock Performance

The firm has a market cap of $1.31 billion, a P/E ratio of 13.79 and a beta of 1.06. The business’s 50-day simple moving average is $134.95 and its 200 day simple moving average is $125.58.

First Trust Small Cap Core AlphaDEX Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a dividend of $0.4369 per share. This represents a $1.75 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, June 25th. This is an increase from First Trust Small Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.20.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Royal Bank of Canada lifted its holdings in shares of First Trust Small Cap Core AlphaDEX Fund by 17.2% in the first quarter. Royal Bank of Canada now owns 708,400 shares of the company’s stock worth $84,550,000 after buying an additional 103,921 shares in the last quarter. Morgan Stanley lifted its position 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 in the last quarter. UBS Group AG boosted its stake in First Trust Small Cap Core AlphaDEX Fund by 35.7% during the third quarter. UBS Group AG now owns 291,171 shares of the company’s stock valued at $31,732,000 after buying an additional 76,615 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in 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 valued at $30,259,000 after buying an additional 14,562 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in 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 valued at $11,688,000 after buying an additional 15,162 shares during the last quarter.

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.