First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) Hits New 1-Year High – Here’s Why

First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $136.82 and last traded at $136.1310, with a volume of 848 shares. The stock had previously closed at $134.45.

First Trust Small Cap Core AlphaDEX Fund Price Performance

The stock has a market capitalization of $1.23 billion, a P/E ratio of 13.79 and a beta of 1.06. The stock’s fifty day moving average is $130.47 and its two-hundred day moving average is $122.69.

First Trust Small Cap Core AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a $0.2029 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.81 dividend on an annualized basis and a yield of 0.6%.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FYX. Goldman Sachs Group Inc. boosted its stake in First Trust Small Cap Core AlphaDEX Fund by 366.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 20,641 shares of the company’s stock worth $1,860,000 after purchasing an additional 16,217 shares during the period. Jane Street Group LLC boosted its stake in 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 purchasing an additional 28,526 shares during the period. Captrust Financial Advisors boosted its stake in First Trust Small Cap Core AlphaDEX Fund by 2.5% in the 2nd quarter. Captrust Financial Advisors now owns 6,321 shares of the company’s stock worth $615,000 after purchasing an additional 157 shares during the period. Krilogy Financial LLC acquired a new position in First Trust Small Cap Core AlphaDEX Fund in the 3rd quarter worth approximately $433,000. Finally, Wedbush Securities Inc. acquired a new position in First Trust Small Cap Core AlphaDEX Fund in the 3rd quarter worth approximately $205,000.

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.