First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) Stock Price Up 0.3% – Here’s Why

by · The Cerbat Gem

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT – Get Free Report)’s stock price shot up 0.3% during trading on Thursday . The company traded as high as $56.27 and last traded at $56.24. 3,598 shares were traded during mid-day trading, a decline of 77% from the average session volume of 15,344 shares. The stock had previously closed at $56.04.

First Trust Small Cap Value AlphaDEX Fund Trading Up 0.3 %

The stock has a fifty day simple moving average of $54.61 and a two-hundred day simple moving average of $53.50. The company has a market cap of $174.33 million, a PE ratio of 9.68 and a beta of 1.37.

First Trust Small Cap Value AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a $0.2365 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.95 dividend on an annualized basis and a dividend yield of 1.68%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Simplicity Wealth LLC lifted its holdings in First Trust Small Cap Value AlphaDEX Fund by 1.6% in the third quarter. Simplicity Wealth LLC now owns 289,519 shares of the company’s stock valued at $16,083,000 after acquiring an additional 4,541 shares during the period. Sanctuary Advisors LLC purchased a new stake in First Trust Small Cap Value AlphaDEX Fund during the second quarter worth about $886,000. Gateway Wealth Partners LLC purchased a new stake in First Trust Small Cap Value AlphaDEX Fund during the second quarter worth about $614,000. Regal Investment Advisors LLC grew its position in First Trust Small Cap Value AlphaDEX Fund by 4.5% during the second quarter. Regal Investment Advisors LLC now owns 133,414 shares of the company’s stock worth $6,904,000 after buying an additional 5,791 shares during the period. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in First Trust Small Cap Value AlphaDEX Fund by 4.7% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 87,030 shares of the company’s stock valued at $4,504,000 after buying an additional 3,897 shares in the last quarter.

First Trust Small Cap Value AlphaDEX Fund Company Profile

(Get Free Report)

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.

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