First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) Reaches New 52-Week High – Should You Buy?

First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) reached a new 52-week high on Monday . The company traded as high as $110.25 and last traded at $110.25, with a volume of 229 shares. The stock had previously closed at $108.79.

First Trust Small Cap Core AlphaDEX Fund Stock Performance

The stock has a market cap of $1.02 billion, a PE ratio of 11.51 and a beta of 1.27. The stock has a fifty day simple moving average of $100.83 and a two-hundred day simple moving average of $96.18.

First Trust Small Cap Core AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a dividend of $0.516 per share. This is a boost from First Trust Small Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.37. This represents a $2.06 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend was Thursday, September 26th.

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

Several institutional investors and hedge funds have recently made changes to their positions in FYX. US Bancorp DE raised its position in shares of First Trust Small Cap Core AlphaDEX Fund by 2.0% during the 3rd quarter. US Bancorp DE now owns 5,019 shares of the company’s stock valued at $500,000 after acquiring an additional 100 shares in the last quarter. Truist Financial Corp raised its position in shares of First Trust Small Cap Core AlphaDEX Fund by 0.8% during the 2nd quarter. Truist Financial Corp now owns 16,316 shares of the company’s stock valued at $1,476,000 after acquiring an additional 134 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its position in shares of First Trust Small Cap Core AlphaDEX Fund by 6.8% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 4,492 shares of the company’s stock valued at $406,000 after acquiring an additional 285 shares in the last quarter. Creative Planning raised its position in shares of First Trust Small Cap Core AlphaDEX Fund by 6.8% during the 3rd quarter. Creative Planning now owns 4,471 shares of the company’s stock valued at $445,000 after acquiring an additional 285 shares in the last quarter. Finally, Comerica Bank raised its position in shares of First Trust Small Cap Core AlphaDEX Fund by 1.3% during the 1st quarter. Comerica Bank now owns 22,351 shares of the company’s stock valued at $2,084,000 after acquiring an additional 293 shares in 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.