First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) Sets New 1-Year High – Still a Buy?

First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $124.21 and last traded at $123.74, with a volume of 5507 shares. The stock had previously closed at $121.02.

First Trust Small Cap Core AlphaDEX Fund Stock Performance

The firm’s fifty day moving average price is $117.23 and its 200 day moving average price is $110.43. The firm has a market cap of $1.05 billion, a P/E ratio of 13.79 and a beta of 1.14.

First Trust Small Cap Core AlphaDEX Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a dividend of $0.3713 per share. This is a boost from First Trust Small Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, December 12th. This represents a $1.49 annualized dividend and a yield of 1.2%.

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

A number of hedge funds have recently made changes to their positions in FYX. Goldman Sachs Group Inc. boosted its position in First Trust Small Cap Core AlphaDEX Fund by 366.6% during the first quarter. Goldman Sachs Group Inc. now owns 20,641 shares of the company’s stock valued at $1,860,000 after purchasing an additional 16,217 shares in the last quarter. Jane Street Group LLC grew its position in shares of First Trust Small Cap Core AlphaDEX Fund by 707.1% in the 1st quarter. Jane Street Group LLC now owns 32,560 shares of the company’s stock worth $2,933,000 after buying an additional 28,526 shares during the last quarter. Blair William & Co. IL bought a new position in shares of First Trust Small Cap Core AlphaDEX Fund during the 2nd quarter worth approximately $74,000. Concurrent Investment Advisors LLC purchased a new stake in First Trust Small Cap Core AlphaDEX Fund during the second quarter valued at approximately $6,815,000. Finally, Genesee Capital Advisors LLC boosted its stake in First Trust Small Cap Core AlphaDEX Fund by 2.5% in the second quarter. Genesee Capital Advisors LLC now owns 60,083 shares of the company’s stock valued at $5,845,000 after acquiring an additional 1,455 shares in the last quarter.

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.