First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) Stock Price Down 1.4% – Here’s Why

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) was down 1.4% during trading on Friday. The stock traded as low as $69.70 and last traded at $69.77. Approximately 14,890 shares were traded during trading, a decline of 17% from the average session volume of 17,926 shares. The stock had previously closed at $70.76.

First Trust Small Cap Value AlphaDEX Fund Stock Performance

The stock has a 50 day moving average of $69.40 and a 200-day moving average of $67.10. The company has a market cap of $177.91 million, a PE ratio of 10.91 and a beta of 1.00.

First Trust Small Cap Value AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were paid a $0.4655 dividend. The ex-dividend date was Thursday, September 24th. This represents a $1.86 annualized dividend and a dividend yield of 2.7%. This is a boost from First Trust Small Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.2980.

Institutional Trading of First Trust Small Cap Value AlphaDEX Fund

Several large investors have recently made changes to their positions in FYT. Cetera Investment Advisers boosted its holdings in shares of First Trust Small Cap Value AlphaDEX Fund by 7.6% during the 1st quarter. Cetera Investment Advisers now owns 60,279 shares of the company’s stock worth $3,725,000 after purchasing an additional 4,268 shares during the last quarter. Roman Butler Fullerton & Co. acquired a new stake in shares of First Trust Small Cap Value AlphaDEX Fund during the 3rd quarter worth about $3,359,000. Commonwealth Equity Services LLC acquired a new stake in First Trust Small Cap Value AlphaDEX Fund during the 3rd quarter worth $2,891,000. Kestra Advisory Services LLC lifted its stake in shares of First Trust Small Cap Value AlphaDEX Fund by 120.6% in the 3rd quarter. Kestra Advisory Services LLC now owns 34,670 shares of the company’s stock worth $2,318,000 after acquiring an additional 18,956 shares during the period. Finally, Gateway Wealth Partners LLC grew its stake in shares of First Trust Small Cap Value AlphaDEX Fund by 102.8% during the 1st quarter. Gateway Wealth Partners LLC now owns 24,628 shares of the company’s stock worth $1,522,000 after purchasing an additional 12,487 shares during the period.

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.