First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) saw unusually-strong trading volume on Friday . 128,902 shares traded hands during mid-day trading, an increase of 304% from the previous session’s volume of 31,931 shares.The stock last traded at $142.80 and had previously closed at $143.62.

First Trust Small Cap Core AlphaDEX Fund Stock Down 0.8%

The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 13.79 and a beta of 1.06. The stock’s fifty day moving average is $142.84 and its two-hundred day moving average is $132.83.

First Trust Small Cap Core AlphaDEX Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a $0.4369 dividend. This is a boost from First Trust Small Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.75 dividend on an annualized basis and a dividend yield of 1.2%.

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

Several hedge funds have recently bought and sold shares of FYX. Goldman Sachs Group Inc. grew its holdings 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 worth $1,860,000 after purchasing an additional 16,217 shares during the period. Jane Street Group LLC raised its stake in First Trust Small Cap Core AlphaDEX Fund by 707.1% in the first quarter. Jane Street Group LLC now owns 32,560 shares of the company’s stock valued at $2,933,000 after buying an additional 28,526 shares during the period. Captrust Financial Advisors lifted its position in shares of First Trust Small Cap Core AlphaDEX Fund by 2.5% in the second quarter. Captrust Financial Advisors now owns 6,321 shares of the company’s stock valued at $615,000 after buying an additional 157 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of First Trust Small Cap Core AlphaDEX Fund by 1.7% in the third quarter. JPMorgan Chase & Co. now owns 43,269 shares of the company’s stock valued at $4,716,000 after buying an additional 715 shares during the last quarter. Finally, Cresset Asset Management LLC boosted its stake 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 acquiring an additional 119 shares during the period.

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.