First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) Hits New 12-Month High – Still a Buy?

First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) reached a new 52-week high on Thursday . The stock traded as high as $126.00 and last traded at $125.8240, with a volume of 37950 shares changing hands. The stock had previously closed at $124.81.

First Trust Small Cap Core AlphaDEX Fund Price Performance

The firm has a market capitalization of $1.10 billion, a P/E ratio of 13.79 and a beta of 1.06. The stock’s 50-day simple moving average is $121.27 and its two-hundred day simple moving average is $115.69.

First Trust Small Cap Core AlphaDEX Fund Cuts Dividend

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

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

A number of hedge funds have recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of First Trust Small Cap Core AlphaDEX Fund by 67.4% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 405 shares of the company’s stock worth $46,000 after purchasing an additional 163 shares in the last quarter. CX Institutional purchased a new stake in shares of First Trust Small Cap Core AlphaDEX Fund during the third quarter worth about $68,000. Sound Income Strategies LLC bought a new stake in First Trust Small Cap Core AlphaDEX Fund in the 4th quarter valued at $161,000. Beto Financial Group LLC bought a new stake in First Trust Small Cap Core AlphaDEX Fund in the 4th quarter valued at $216,000. Finally, Sagespring Wealth Partners LLC bought a new stake in First Trust Small Cap Core AlphaDEX Fund in the 4th quarter valued at $203,000.

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.