First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) Trading Down 0.9% – Here’s What Happened

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) dropped 0.9% during trading on Thursday . The company traded as low as $58.41 and last traded at $58.41. Approximately 4,528 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 15,518 shares. The stock had previously closed at $58.92.

First Trust Small Cap Value AlphaDEX Fund Stock Performance

The firm has a market capitalization of $178.15 million, a P/E ratio of 9.68 and a beta of 1.37. The firm has a 50 day simple moving average of $54.86 and a two-hundred day simple moving average of $53.83.

First Trust Small Cap Value AlphaDEX Fund Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a dividend of $0.2365 per share. This represents a $0.95 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend was Thursday, September 26th.

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

Institutional investors have recently added to or reduced their stakes in the company. Proactive Wealth Strategies LLC purchased a new position in shares of First Trust Small Cap Value AlphaDEX Fund in the 3rd quarter worth approximately $4,340,000. Sanctuary Advisors LLC bought a new position in First Trust Small Cap Value AlphaDEX Fund in the 2nd quarter valued at $886,000. Gateway Wealth Partners LLC purchased a new stake in shares of First Trust Small Cap Value AlphaDEX Fund during the 2nd quarter valued at $614,000. Simplicity Wealth LLC raised its stake 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 during the period. Finally, Kingsview Wealth Management LLC boosted its holdings in shares of First Trust Small Cap Value AlphaDEX Fund by 9.6% in the 1st quarter. Kingsview Wealth Management LLC now owns 73,983 shares of the company’s stock worth $4,020,000 after buying an additional 6,463 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.