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

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

First Trust Small Cap Value AlphaDEX Fund Price Performance

The stock’s 50 day simple moving average is $69.40 and its two-hundred day simple moving average is $67.10. The firm has a market cap of $177.91 million, a P/E ratio of 10.91 and a beta of 1.00.

First Trust Small Cap Value AlphaDEX Fund Increases Dividend

The business 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. This represents a $1.86 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Thursday, September 24th. This is an increase from First Trust Small Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.2980.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC grew its stake in shares of First Trust Small Cap Value AlphaDEX Fund by 120.6% in the third 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 last quarter. Commonwealth Equity Services LLC bought a new position in shares of First Trust Small Cap Value AlphaDEX Fund during the third quarter valued at $2,891,000. Roman Butler Fullerton & Co. purchased a new position in shares of First Trust Small Cap Value AlphaDEX Fund in the 3rd quarter worth about $3,359,000. Arlington Financial Advisors LLC purchased a new position in shares of First Trust Small Cap Value AlphaDEX Fund in the 3rd quarter worth about $248,000. Finally, Baird Financial Group Inc. raised its position in shares of 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 worth $500,000 after purchasing an additional 500 shares during the last quarter.

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.