First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) Trading Up 1.4%

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) shares traded up 1.4% during mid-day trading on Thursday . The company traded as high as $53.61 and last traded at $53.61. 10,768 shares traded hands during trading, a decline of 35% from the average session volume of 16,530 shares. The stock had previously closed at $52.89.

First Trust Small Cap Value AlphaDEX Fund Price Performance

The firm’s 50-day moving average price is $52.41 and its 200-day moving average price is $51.30. The stock has a market cap of $193.00 million, a P/E ratio of 9.68 and a beta of 1.37.

First Trust Small Cap Value AlphaDEX Fund Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were issued a $0.122 dividend. The ex-dividend date was Thursday, March 21st. This represents a $0.49 dividend on an annualized basis and a yield of 0.91%.

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

A number of hedge funds have recently made changes to their positions in FYT. Accordant Advisory Group Inc purchased a new stake in First Trust Small Cap Value AlphaDEX Fund during the first quarter valued at $54,000. Koshinski Asset Management Inc. lifted its holdings in shares of First Trust Small Cap Value AlphaDEX Fund by 46.2% in the 4th quarter. Koshinski Asset Management Inc. now owns 7,608 shares of the company’s stock valued at $414,000 after acquiring an additional 2,404 shares during the last quarter. Simplicity Solutions LLC grew its position in First Trust Small Cap Value AlphaDEX Fund by 0.4% in the fourth quarter. Simplicity Solutions LLC now owns 273,559 shares of the company’s stock worth $14,879,000 after acquiring an additional 996 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in First Trust Small Cap Value AlphaDEX Fund during the fourth quarter valued at approximately $14,081,000. Finally, Cornerstone Wealth Management LLC bought a new stake in shares of First Trust Small Cap Value AlphaDEX Fund in the 4th quarter valued at approximately $316,000.

About First Trust Small Cap Value AlphaDEX Fund

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.