First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) Shares Decline 0.9% - Implications Ahead

The First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX - Get Free Report) experienced a decrease of 0.9% in its stock price during trading on Wednesday. The shares reached a low of $103.42 before closing at $103.66. A total of 19,761 shares changed hands on this day, which is a notable drop of 33% compared to the average trading volume of 29,612 shares. In the previous session, the stock had closed at $104.61.

Recent Performance of First Trust Small Cap Core AlphaDEX Fund

This fund currently holds a market capitalization of $979.59 million along with a price-to-earnings (PE) ratio of 11.51 and a beta of 1.27, indicating its volatility in relation to the market. The 50-day moving average price stands at $104.57, while the 200-day moving average price is recorded at $100.13.

Dividend Announcement from First Trust Small Cap Core AlphaDEX Fund

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

Institutional Investment Activities Related to First Trust Small Cap Core AlphaDEX Fund

A number of institutional investors and hedge funds have recently adjusted their positions in this fund. International Assets Investment Management LLC remarkably increased its stake by 9,853.0% during the 3rd quarter, acquiring 42,798 shares valued at approximately $4,260,000 after purchasing an additional 42,368 shares in the last quarter. Additionally, Virtu Financial LLC raised its holdings by 201.6% in the same quarter, now owning 36,144 shares worth $3,597,000 after adding 24,159 shares. Furthermore, JPMorgan Chase & Co. increased its investment by 32.8%, acquiring 86,637 shares costing about $8,623,000 following a purchase of 21,401 shares recently. New investments were also made by Sanctuary Advisors LLC and Geneos Wealth Management Inc. in the second and fourth quarters, respectively, valued at approximately $1,517,000 and $1,647,000.

Understanding the First Trust Small Cap Core AlphaDEX Fund

The First Trust Small Cap Core AlphaDEX Fund (FYX) is an exchange-traded fund (ETF) that seeks to mirror the NASDAQ AlphaDEX Small Cap Core index. This fund consists of small-cap stocks that are chosen based on quantitative measures of growth and value. It was launched on May 8, 2007, and is managed by First Trust.

What to Watch for Next? - Analyst Outlook

While the First Trust Small Cap Core AlphaDEX Fund maintains a 'Hold' rating among analysts, it is worth noting that there are currently five other stocks that top analysts believe may be better investment options. Investors interested in this fund may want to consider these recommendations before making decisions.

For those considering a $1,000 investment in First Trust Small Cap Core AlphaDEX Fund, it is advisable to conduct thorough research and possibly consult with financial experts.

stocks, funds, investing