ETFs

First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) Stock Price Declines 0.9% - Future Outlook

Published January 24, 2025

The First Trust Small Cap Core AlphaDEX Fund (NASDAQ:FYX) experienced a slight decrease of 0.9% in its share price during trading on Wednesday. The stock fell to a low of $103.42 before finishing the day at $103.66. During this trading session, a total of 19,761 shares changed hands, which is a significant decline of 33% compared to the average trading volume of 29,612 shares. The previous day’s closing price was $104.61.

Recent Performance of First Trust Small Cap Core AlphaDEX Fund

This fund has a market capitalization of approximately $979.59 million, a price-to-earnings (PE) ratio of 11.51, and a beta value of 1.27, indicating some level of volatility compared to the overall market. The fund also maintains a 50-day moving average price of $104.57 and a longer-term 200-day moving average price of $100.13.

Dividend Announcement from the Fund

Recently, the First Trust Small Cap Core AlphaDEX Fund declared a dividend, which was distributed to shareholders on Tuesday, December 31. For those stockholders recorded on Friday, December 13, a dividend of $0.6219 per share was paid out. The ex-dividend date was also established on Friday, December 13.

Changes in Institutional Investment

A number of institutional investors and hedge funds have recently adjusted their positions in the First Trust Small Cap Core AlphaDEX Fund. For instance, International Assets Investment Management LLC significantly increased its holdings by an astounding 9,853.0% in the third quarter, now owning 42,798 shares valued at approximately $4,260,000 after adding 42,368 shares. Virtu Financial LLC also boosted its stake by 201.6% in the same quarter, now holding 36,144 shares worth about $3,597,000 after acquiring an additional 24,159 shares. Furthermore, JPMorgan Chase & Co. increased its stake by 32.8%, bringing its total to 86,637 shares valued at around $8,623,000 after adding 21,401 shares. Sanctuary Advisors LLC and Geneos Wealth Management Inc. both purchased new stakes in the fund during the second and fourth quarters, respectively, valued at approximately $1,517,000 and $1,647,000.

About First Trust Small Cap Core AlphaDEX Fund

The First Trust Small Cap Core AlphaDEX Fund (FYX) is an exchange-traded fund designed to track the NASDAQ AlphaDEX Small Cap Core Index. This fund selects a range of small-cap stocks based on growth and value factors determined by quantitative analysis. The fund has been managed by First Trust since its launch on May 8, 2007.

Investment Considerations

Investors interested in the First Trust Small Cap Core AlphaDEX Fund should be aware of the current market outlook and analyst ratings. At present, analysts have rated this fund with a "Hold" status, suggesting that while it may not currently be a strong buy, investors should carefully consider their strategies.

In conclusion, although the stock encountered a minor decline of 0.9%, it will be essential for investors to monitor the performance trends and any changes in institutional investment for a better understanding of its future direction.

FTFYX, Dividend, Investors