First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) Stock Price Down 0.1% – Here’s Why

Shares of First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) traded down 0.1% during trading on Friday . The stock traded as low as $73.35 and last traded at $73.41. Approximately 73,329 shares traded hands during mid-day trading, an increase of 307% from the average session volume of 18,005 shares. The stock had previously closed at $73.48.

First Trust Small Cap Value AlphaDEX Fund Price Performance

The stock’s 50 day simple moving average is $70.40 and its two-hundred day simple moving average is $66.05. The stock has a market capitalization of $194.54 million, a PE ratio of 10.91 and a beta of 0.97.

First Trust Small Cap Value AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a $0.298 dividend. This is a boost from First Trust Small Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.19 dividend on an annualized basis and a dividend yield of 1.6%.

Hedge Funds Weigh In On First Trust Small Cap Value AlphaDEX Fund

Several institutional investors and hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in shares of First Trust Small Cap Value AlphaDEX Fund by 32.2% in the third quarter. JPMorgan Chase & Co. now owns 923 shares of the company’s stock valued at $52,000 after buying an additional 225 shares during the period. Western Wealth Management LLC bought a new position in shares of First Trust Small Cap Value AlphaDEX Fund during the 1st quarter worth $60,000. Corient Private Wealth LLC purchased a new stake in First Trust Small Cap Value AlphaDEX Fund in the 4th quarter worth about $202,000. Focus Partners Advisor Solutions LLC purchased a new stake in First Trust Small Cap Value AlphaDEX Fund in the 4th quarter worth about $207,000. Finally, Janney Montgomery Scott LLC increased its holdings in First Trust Small Cap Value AlphaDEX Fund by 5.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 3,734 shares of the company’s stock worth $231,000 after acquiring an additional 196 shares during the last quarter.

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.