First Trust Small Cap Value AlphaDEX Fund (FYT) to Distribute Quarterly Dividend of $0.47 on September 30th

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) declared a quarterly dividend on Wednesday, September 23rd. Investors of record on Thursday, September 24th will be given a dividend of $0.4655 per share on Wednesday, September 30th. This represents a $1.86 annualized dividend and a yield of 2.7%. The ex-dividend date is Thursday, September 24th. This is a 56.2% increase from First Trust Small Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.2980.

First Trust Small Cap Value AlphaDEX Fund Price Performance

Shares of NASDAQ FYT opened at $67.90 on Friday. The company has a market cap of $183.33 million, a price-to-earnings ratio of 10.91 and a beta of 0.97. The stock’s 50-day moving average is $71.62 and its two-hundred day moving average is $67.74. First Trust Small Cap Value AlphaDEX Fund has a 1-year low of $52.47 and a 1-year high of $73.77.

Institutional Trading of First Trust Small Cap Value AlphaDEX Fund

Several hedge funds have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC lifted its holdings in shares of 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 worth $231,000 after purchasing an additional 196 shares during the period. Baird Financial Group Inc. increased its stake in First Trust Small Cap Value AlphaDEX Fund by 7.5% in the 2nd quarter. Baird Financial Group Inc. now owns 7,164 shares of the company’s stock valued at $500,000 after buying an additional 500 shares during the period. Western Wealth Management LLC acquired a new position in First Trust Small Cap Value AlphaDEX Fund in the 1st quarter valued at $60,000. Kestra Advisory Services LLC raised its position in First Trust Small Cap Value AlphaDEX Fund by 3.8% during the 1st quarter. Kestra Advisory Services LLC now owns 33,520 shares of the company’s stock worth $2,071,000 after buying an additional 1,240 shares during the last quarter. Finally, Cetera Investment Advisers raised its position in 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 buying an additional 4,268 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.