First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) Shares Down 0.3% – Should You Sell?

Shares of First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) were down 0.3% on Tuesday . The company traded as low as $103.27 and last traded at $103.40. Approximately 83,506 shares changed hands during mid-day trading, an increase of 192% from the average daily volume of 28,593 shares. The stock had previously closed at $103.68.

First Trust Small Cap Core AlphaDEX Fund Price Performance

The firm has a market capitalization of $863.39 million, a PE ratio of 13.79 and a beta of 1.27. The firm’s fifty day moving average is $98.93 and its two-hundred day moving average is $94.43.

First Trust Small Cap Core AlphaDEX Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were paid a dividend of $0.0821 per share. The ex-dividend date was Thursday, June 26th. This represents a $0.33 annualized dividend and a dividend yield of 0.3%.

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

Several large investors have recently modified their holdings of FYX. GAMMA Investing LLC increased its stake in shares of First Trust Small Cap Core AlphaDEX Fund by 8,909.0% during the 1st quarter. GAMMA Investing LLC now owns 126,576 shares of the company’s stock worth $11,403,000 after purchasing an additional 125,171 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of First Trust Small Cap Core AlphaDEX Fund by 183.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 168,836 shares of the company’s stock valued at $16,424,000 after buying an additional 109,171 shares in the last quarter. Concurrent Investment Advisors LLC purchased a new stake in shares of First Trust Small Cap Core AlphaDEX Fund during the 2nd quarter valued at $6,815,000. Geneos Wealth Management Inc. raised its position in shares of First Trust Small Cap Core AlphaDEX Fund by 315.2% during the 2nd quarter. Geneos Wealth Management Inc. now owns 66,693 shares of the company’s stock valued at $6,488,000 after buying an additional 50,629 shares in the last quarter. Finally, Cetera Investment Advisers raised its position in shares of First Trust Small Cap Core AlphaDEX Fund by 43.0% during the 1st quarter. Cetera Investment Advisers now owns 139,804 shares of the company’s stock valued at $12,595,000 after buying an additional 42,061 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.