First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) Stock Price Down 0.6% – Here’s Why

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) shares dropped 0.6% on Monday . The stock traded as low as $71.15 and last traded at $71.19. 2,418 shares traded hands during trading, a decline of 86% from the average session volume of 17,635 shares. The stock had previously closed at $71.64.

First Trust Small Cap Value AlphaDEX Fund Stock Down 0.4%

The company has a market capitalization of $188.64 million, a P/E ratio of 10.91 and a beta of 0.97. The business has a 50 day simple moving average of $67.79 and a 200-day simple moving average of $64.46.

First Trust Small Cap Value AlphaDEX Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a $0.298 dividend. The ex-dividend date was Thursday, June 25th. This represents a $1.19 annualized dividend and a yield of 1.7%. This is a boost from First Trust Small Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.20.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Sound Income Strategies LLC bought a new stake in shares of First Trust Small Cap Value AlphaDEX Fund during the fourth quarter valued at approximately $44,000. JPMorgan Chase & Co. grew its holdings in First Trust Small Cap Value AlphaDEX Fund by 32.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 923 shares of the company’s stock worth $52,000 after buying an additional 225 shares in the last quarter. Western Wealth Management LLC acquired a new stake in First Trust Small Cap Value AlphaDEX Fund in the 1st quarter valued at approximately $60,000. Corient Private Wealth LLC acquired a new stake in First Trust Small Cap Value AlphaDEX Fund in the 4th quarter valued at approximately $202,000. Finally, Focus Partners Advisor Solutions LLC bought a new stake in First Trust Small Cap Value AlphaDEX Fund during the 4th quarter valued at $207,000.

First Trust Small Cap Value AlphaDEX Fund Company Profile

The First Trust Small Cap Value AlphaDEX Fund (FYT) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Small Cap Value index. The fund tracks an index of securities pulled from the NASDAQ US 700 Small Cap Index that are rescreened and weighted based on a tiered process. FYT was launched on Apr 18, 2011 and is managed by First Trust.