First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) Sees Strong Trading Volume – Here’s Why

Shares of First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX – Get Free Report) saw strong trading volume on Friday. 62,072 shares traded hands during mid-day trading, an increase of 94% from the previous session’s volume of 32,000 shares. The stock last traded at $137.0280 and had previously closed at $136.49.

First Trust Small Cap Core AlphaDEX Fund Trading Up 0.2%

The firm has a market cap of $1.36 billion, a P/E ratio of 13.79 and a beta of 1.05. The company’s 50-day moving average is $142.09 and its two-hundred day moving average is $135.05.

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First Trust Small Cap Core AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 24th will be given a dividend of $0.5101 per share. The ex-dividend date of this dividend is Thursday, September 24th. This is a positive change from First Trust Small Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.4369. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.5%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. NBT Bank N A NY increased its holdings in First Trust Small Cap Core AlphaDEX Fund by 127.4% in the 1st quarter. NBT Bank N A NY now owns 257 shares of the company’s stock valued at $31,000 after acquiring an additional 144 shares during the last quarter. First Bancorp Inc ME bought a new position in shares of First Trust Small Cap Core AlphaDEX Fund during the 2nd quarter valued at about $43,000. Milestones Private Investment Advisors LLC grew its position in shares of First Trust Small Cap Core AlphaDEX Fund by 1.9% during the first quarter. Milestones Private Investment Advisors LLC now owns 17,394 shares of the company’s stock valued at $2,076,000 after purchasing an additional 326 shares in the last quarter. MCF Advisors LLC bought a new stake in shares of First Trust Small Cap Core AlphaDEX Fund in the second quarter worth about $79,000. Finally, MTM Investment Management LLC increased its holdings in shares of First Trust Small Cap Core AlphaDEX Fund by 1.7% in the first 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.

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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