First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) Shares Down 0.6% – Here’s Why

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT)’s share price dropped 0.6% on Monday . The company traded as low as $71.15 and last traded at $71.19. 2,418 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 17,635 shares. The stock had previously closed at $71.64.

First Trust Small Cap Value AlphaDEX Fund Trading Down 0.6%

The firm’s 50 day simple moving average is $67.65 and its 200-day simple moving average is $64.35. The stock has a market capitalization of $188.65 million, a price-to-earnings ratio of 10.91 and a beta of 0.97.

First Trust Small Cap Value AlphaDEX Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a $0.298 dividend. This represents a $1.19 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Thursday, June 25th. This is a positive change from First Trust Small Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.20.

Institutional Trading of First Trust Small Cap Value AlphaDEX Fund

A number of hedge funds and other institutional investors have recently modified their holdings of FYT. LPL Financial LLC raised its holdings in First Trust Small Cap Value AlphaDEX Fund by 3.3% during the fourth quarter. LPL Financial LLC now owns 218,137 shares of the company’s stock worth $12,365,000 after acquiring an additional 6,976 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of First Trust Small Cap Value AlphaDEX Fund by 1.5% during the 4th quarter. Wells Fargo & Company MN now owns 183,000 shares of the company’s stock worth $10,373,000 after purchasing an additional 2,635 shares during the last quarter. Kingsview Wealth Management LLC increased its position in shares of First Trust Small Cap Value AlphaDEX Fund by 38.8% during the 4th quarter. Kingsview Wealth Management LLC now owns 129,940 shares of the company’s stock worth $7,366,000 after purchasing an additional 36,329 shares during the last quarter. Royal Bank of Canada raised its stake in shares of First Trust Small Cap Value AlphaDEX Fund by 16.3% during the 4th quarter. Royal Bank of Canada now owns 106,559 shares of the company’s stock worth $6,040,000 after purchasing an additional 14,973 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake 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 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.