First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) Stock Falls 0.2% – Should You Sell?

First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX)’s share price dropped 0.2% on Friday. The stock traded as low as $136.25 and last traded at $137.73. 18,017 shares traded hands during trading, a decline of 47% from the average daily volume of 34,119 shares. The stock had previously closed at $138.07.

First Trust Small Cap Core AlphaDEX Fund Stock Performance

The company has a 50 day simple moving average of $138.80 and a two-hundred day simple moving average of $137.46. The firm has a market cap of $1.37 billion, a PE ratio of 13.79 and a beta of 1.08.

First Trust Small Cap Core AlphaDEX Fund Increases Dividend

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

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

A number of large investors have recently bought and sold shares of the company. NBT Bank N A NY raised its position in First Trust Small Cap Core AlphaDEX Fund by 127.4% during the 1st quarter. NBT Bank N A NY now owns 257 shares of the company’s stock worth $31,000 after buying an additional 144 shares during the last quarter. First Bancorp Inc ME acquired a new stake in First Trust Small Cap Core AlphaDEX Fund during the 2nd quarter valued at approximately $43,000. MCF Advisors LLC acquired a new stake in First Trust Small Cap Core AlphaDEX Fund during the 2nd quarter valued at approximately $79,000. Kings Path Partners LLC acquired a new stake in First Trust Small Cap Core AlphaDEX Fund during the 3rd quarter valued at approximately $211,000. Finally, Boston Standard Wealth Management LLC purchased a new stake in First Trust Small Cap Core AlphaDEX Fund in the second quarter valued at $233,000.

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.