First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) Hits New 52-Week High – Still a Buy?

First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX)’s share price hit a new 52-week high on Wednesday . The company traded as high as $135.59 and last traded at $135.5750, with a volume of 1319 shares changing hands. The stock had previously closed at $132.87.

First Trust Small Cap Core AlphaDEX Fund Trading Up 0.7%

The firm’s fifty day moving average price is $126.81 and its 200-day moving average price is $120.56. The company has a market cap of $1.23 billion, a P/E ratio of 13.79 and a beta of 1.08.

First Trust Small Cap Core AlphaDEX Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a dividend of $0.2029 per share. 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

Large investors have recently added to or reduced their stakes in the company. Cresset Asset Management LLC grew its holdings in shares of First Trust Small Cap Core AlphaDEX Fund by 5.0% during the 3rd quarter. Cresset Asset Management LLC now owns 2,482 shares of the company’s stock worth $271,000 after purchasing an additional 119 shares in the last quarter. NBT Bank N A NY raised its stake in shares of First Trust Small Cap Core AlphaDEX Fund by 127.4% in the first quarter. NBT Bank N A NY now owns 257 shares of the company’s stock valued at $31,000 after purchasing an additional 144 shares in the last quarter. Kestra Private Wealth Services LLC lifted its position in First Trust Small Cap Core AlphaDEX Fund by 5.5% in the fourth quarter. Kestra Private Wealth Services LLC now owns 2,791 shares of the company’s stock worth $316,000 after purchasing an additional 146 shares during the period. Mariner LLC lifted its position in First Trust Small Cap Core AlphaDEX Fund by 4.4% in the third quarter. Mariner LLC now owns 3,672 shares of the company’s stock worth $400,000 after purchasing an additional 154 shares during the period. Finally, Captrust Financial Advisors boosted its stake in First Trust Small Cap Core AlphaDEX Fund by 2.5% during the second quarter. Captrust Financial Advisors now owns 6,321 shares of the company’s stock worth $615,000 after buying an additional 157 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.