First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) Trading Up 0.5% – Time to Buy?

Shares of First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) were up 0.5% on Friday . The stock traded as high as $72.31 and last traded at $72.28. Approximately 9,655 shares traded hands during trading, a decline of 45% from the average session volume of 17,404 shares. The stock had previously closed at $71.89.

First Trust Small Cap Value AlphaDEX Fund Stock Performance

The stock has a 50-day moving average of $71.64 and a 200-day moving average of $67.07. The firm has a market cap of $191.54 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a dividend of $0.298 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.19 annualized dividend and a dividend yield of 1.6%. This is an increase 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

Institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its holdings in First Trust Small Cap Value AlphaDEX Fund by 32.2% during the third quarter. JPMorgan Chase & Co. now owns 923 shares of the company’s stock worth $52,000 after purchasing an additional 225 shares during the last quarter. Western Wealth Management LLC acquired a new stake in shares of First Trust Small Cap Value AlphaDEX Fund in the first quarter valued at about $60,000. Corient Private Wealth LLC bought a new stake in First Trust Small Cap Value AlphaDEX Fund during the fourth quarter worth about $202,000. Focus Partners Advisor Solutions LLC bought a new stake in First Trust Small Cap Value AlphaDEX Fund during the fourth quarter worth about $207,000. Finally, Janney Montgomery Scott LLC boosted its position in First Trust Small Cap Value AlphaDEX Fund by 5.5% during the first quarter. Janney Montgomery Scott LLC now owns 3,734 shares of the company’s stock valued at $231,000 after purchasing an additional 196 shares during 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.