First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) Shares Down 1.8%

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT)’s stock price fell 1.8% during mid-day trading on Thursday . The company traded as low as $56.01 and last traded at $56.09. 22,808 shares changed hands during mid-day trading, an increase of 51% from the average session volume of 15,078 shares. The stock had previously closed at $57.10.

First Trust Small Cap Value AlphaDEX Fund Stock Down 0.5 %

The firm has a market cap of $186.99 million, a price-to-earnings ratio of 9.68 and a beta of 1.37. The firm has a 50 day moving average of $52.49 and a 200 day moving average of $52.44.

First Trust Small Cap Value AlphaDEX Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were given a dividend of $0.2373 per share. This represents a $0.95 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend was Thursday, June 27th.

Institutional Investors Weigh In On First Trust Small Cap Value AlphaDEX Fund

Several hedge funds and other institutional investors have recently bought and sold shares of FYT. International Assets Investment Management LLC bought a new position in shares of First Trust Small Cap Value AlphaDEX Fund during the 4th quarter worth about $14,081,000. Koshinski Asset Management Inc. boosted its holdings in First Trust Small Cap Value AlphaDEX Fund by 46.2% in the fourth quarter. Koshinski Asset Management Inc. now owns 7,608 shares of the company’s stock worth $414,000 after acquiring an additional 2,404 shares in the last quarter. Simplicity Solutions LLC lifted its holdings in shares of First Trust Small Cap Value AlphaDEX Fund by 0.4% in the 4th quarter. Simplicity Solutions LLC now owns 273,559 shares of the company’s stock worth $14,879,000 after purchasing an additional 996 shares in the last quarter. Atria Wealth Solutions Inc. grew its position in First Trust Small Cap Value AlphaDEX Fund by 21.6% in the 4th quarter. Atria Wealth Solutions Inc. now owns 31,185 shares of the company’s stock valued at $1,696,000 after purchasing an additional 5,536 shares during the period. Finally, Benjamin F. Edwards & Company Inc. increased its stake in First Trust Small Cap Value AlphaDEX Fund by 89.5% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 75,140 shares of the company’s stock valued at $4,087,000 after purchasing an additional 35,487 shares in 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.