First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) Trading Up 1% – Should You Buy?

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) shares traded up 1% on Friday . The stock traded as high as $55.24 and last traded at $55.18. 9,492 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 54,346 shares. The stock had previously closed at $54.64.

First Trust Small Cap Value AlphaDEX Fund Price Performance

The company’s fifty day simple moving average is $57.27 and its 200-day simple moving average is $55.32. The firm has a market capitalization of $168.30 million, a PE ratio of 9.68 and a beta of 1.37.

First Trust Small Cap Value AlphaDEX Fund Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a dividend of $0.5443 per share. The ex-dividend date of this dividend was Friday, December 13th.

Institutional Investors Weigh In On First Trust Small Cap Value AlphaDEX Fund

A number of large investors have recently modified their holdings of FYT. Proactive Wealth Strategies LLC acquired a new stake in shares of First Trust Small Cap Value AlphaDEX Fund during the third quarter worth $4,340,000. Kingsview Wealth Management LLC lifted its position in First Trust Small Cap Value AlphaDEX Fund by 55.6% during the 3rd quarter. Kingsview Wealth Management LLC now owns 117,206 shares of the company’s stock worth $6,511,000 after acquiring an additional 41,881 shares during the period. Stifel Financial Corp grew its stake in First Trust Small Cap Value AlphaDEX Fund by 32.0% during the 3rd quarter. Stifel Financial Corp now owns 70,496 shares of the company’s stock valued at $3,916,000 after purchasing an additional 17,091 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in First Trust Small Cap Value AlphaDEX Fund during the 2nd quarter valued at about $886,000. Finally, Gateway Wealth Partners LLC acquired a new position in shares of First Trust Small Cap Value AlphaDEX Fund in the second quarter valued at about $614,000.

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.