First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) Hits New 52-Week High – Time to Buy?

First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYXGet Free Report) reached 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. The stock had previously closed at $142.95.

First Trust Small Cap Core AlphaDEX Fund Stock Up 0.0%

The business has a 50-day moving average price of $134.47 and a 200-day moving average price of $125.20. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 13.79 and a beta of 1.06.

First Trust Small Cap Core AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th will be paid a $0.4369 dividend. This represents a $1.75 dividend on an annualized basis and a yield of 1.2%. This is a boost from First Trust Small Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, June 25th.

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

Several institutional investors have recently added to or reduced their stakes in the business. Western Wealth Management LLC increased its holdings in shares of First Trust Small Cap Core AlphaDEX Fund by 7.5% during the first quarter. Western Wealth Management LLC now owns 29,514 shares of the company’s stock valued at $3,523,000 after acquiring an additional 2,071 shares in the last quarter. Royal Bank of Canada boosted its stake in First Trust Small Cap Core AlphaDEX Fund by 17.2% in 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 in the last quarter. Gateway Wealth Partners LLC purchased a new stake in First Trust Small Cap Core AlphaDEX Fund during the 1st quarter worth approximately $276,000. MTM Investment Management LLC grew its position in First Trust Small Cap Core AlphaDEX Fund by 1.7% during the 1st quarter. MTM Investment Management LLC now owns 36,261 shares of the company’s stock worth $4,328,000 after purchasing an additional 621 shares during the last quarter. Finally, Independent Financial Group LLC acquired a new position in First Trust Small Cap Core AlphaDEX Fund during the 1st quarter valued at approximately $307,000.

About First Trust Small Cap Core AlphaDEX Fund

(Get Free Report)

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.

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