First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) Stock Price Up 0.3% – Still a Buy?

Shares of First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) were up 0.3% during mid-day trading on Thursday . The stock traded as high as $56.27 and last traded at $56.24. Approximately 3,598 shares traded hands during trading, a decline of 77% from the average daily volume of 15,344 shares. The stock had previously closed at $56.04.

First Trust Small Cap Value AlphaDEX Fund Price Performance

The firm has a 50-day moving average price of $54.72 and a 200 day moving average price of $53.53. The company has a market cap of $173.56 million, a price-to-earnings ratio of 9.68 and a beta of 1.37.

First Trust Small Cap Value AlphaDEX Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a dividend of $0.2365 per share. The ex-dividend date was Thursday, September 26th. This represents a $0.95 annualized dividend and a yield of 1.69%.

Hedge Funds Weigh In On First Trust Small Cap Value AlphaDEX Fund

Institutional investors have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC bought a new stake in shares of First Trust Small Cap Value AlphaDEX Fund in the 2nd quarter valued at $886,000. Gateway Wealth Partners LLC acquired a new position in shares of First Trust Small Cap Value AlphaDEX Fund during the second quarter valued at about $614,000. Simplicity Wealth LLC boosted its position in shares of First Trust Small Cap Value AlphaDEX Fund by 3.5% during the 2nd quarter. Simplicity Wealth LLC now owns 284,978 shares of the company’s stock worth $14,748,000 after purchasing an additional 9,757 shares in the last quarter. Kingsview Wealth Management LLC boosted its position in shares of First Trust Small Cap Value AlphaDEX Fund by 9.6% during the 1st quarter. Kingsview Wealth Management LLC now owns 73,983 shares of the company’s stock worth $4,020,000 after purchasing an additional 6,463 shares in the last quarter. Finally, Regal Investment Advisors LLC increased its position in First Trust Small Cap Value AlphaDEX Fund by 4.5% in the 2nd quarter. Regal Investment Advisors LLC now owns 133,414 shares of the company’s stock valued at $6,904,000 after buying an additional 5,791 shares in 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.