First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) Reaches New 12-Month High – What’s Next?

First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $105.15 and last traded at $105.14, with a volume of 200 shares. The stock had previously closed at $100.56.

First Trust Small Cap Core AlphaDEX Fund Stock Up 6.4 %

The stock has a market cap of $983.94 million, a price-to-earnings ratio of 11.51 and a beta of 1.27. The company’s 50-day simple moving average is $98.14 and its 200-day simple moving average is $94.67.

First Trust Small Cap Core AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a $0.516 dividend. This is a positive change from First Trust Small Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $2.06 annualized dividend and a yield of 1.93%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Cetera Investment Advisers boosted its stake 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 purchasing an additional 95,932 shares during the period. Cetera Advisors LLC boosted its stake 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 purchasing an additional 79,263 shares during the period. Genesee Capital Advisors LLC acquired a new position in First Trust Small Cap Core AlphaDEX Fund in the 2nd quarter worth approximately $5,424,000. International Assets Investment Management LLC boosted its stake in shares of First Trust Small Cap Core AlphaDEX Fund by 9,853.0% during the 3rd quarter. International Assets Investment Management LLC now owns 42,798 shares of the company’s stock valued at $4,260,000 after buying an additional 42,368 shares during the period. Finally, Coppell Advisory Solutions Corp. acquired a new stake in shares of First Trust Small Cap Core AlphaDEX Fund during the 1st quarter valued at $1,643,000.

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.