First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) Trading Down 0.9% - What's Next?

The First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX - Get Free Report) saw its shares decline by 0.9% during Wednesday's trading session. The stock reached a low of $103.42 before finishing at $103.66. In total, 19,761 shares were traded, reflecting a 33% decrease from the average trading volume of 29,612 shares. The previous closing price for the stock was $104.61.

First Trust Small Cap Core AlphaDEX Fund Stock Down 0.9%

This fund has a market capitalization of approximately $979.59 million. It boasts a PE ratio of 11.51 and a beta of 1.27. The stock's 50-day moving average price stands at $104.57, and its 200-day moving average price is $100.13.

Dividend Announcement

Recently, the First Trust Small Cap Core AlphaDEX Fund announced a dividend payment. This payment was made on Tuesday, December 31st, and stockholders who were on record by Friday, December 13th, received a dividend of $0.6219 per share. The ex-dividend date was also set for Friday, December 13th.

Institutional Investors Update

Several institutional investors and hedge funds have recently adjusted their holdings in the First Trust Small Cap Core AlphaDEX Fund. Notably, International Assets Investment Management LLC elevated its stake by an impressive 9,853.0% in the third quarter, now holding 42,798 shares valued at $4,260,000 after acquiring an additional 42,368 shares.

Virtu Financial LLC increased its position by 201.6% in the same quarter, owning 36,144 shares worth $3,597,000 after a purchase of 24,159 additional shares. JPMorgan Chase & Co. also grew its stake by 32.8%, now possessing 86,637 shares valued at $8,623,000 after adding 21,401 shares to its portfolio. Additionally, Sanctuary Advisors LLC and Geneos Wealth Management Inc. made new investments in the fund, valued at approximately $1,517,000 and $1,647,000, respectively.

Company Overview

The First Trust Small Cap Core AlphaDEX Fund (FYX) is an exchange-traded fund that tracks the NASDAQ AlphaDEX Small Cap Core index. This fund is designed to follow small capitalization stocks selected based on quantitative growth and value metrics. The fund was initiated on May 8, 2007, and is managed by First Trust.

Investment Consideration

Potential investors should note that the First Trust Small Cap Core AlphaDEX Fund currently holds a "Hold" rating among analysts. As such, there may be compelling alternatives suggested by top-rated analysts, who identify other stocks as having better potential returns.
For anyone considering a $1,000 investment in the First Trust Small Cap Core AlphaDEX Fund, it is advised to conduct thorough research or consult financial advisors to weigh other attractive options available in the market.

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