Shares of First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT – Get Free Report) were down 1.4% during trading on Friday. The company traded as low as $69.70 and last traded at $69.77. Approximately 14,890 shares were traded during mid-day trading, a decline of 17% from the average session volume of 17,926 shares. The stock had previously closed at $70.76.
First Trust Small Cap Value AlphaDEX Fund Price Performance
The stock has a market capitalization of $177.91 million, a price-to-earnings ratio of 10.91 and a beta of 1.00. The business has a fifty day moving average of $69.40 and a 200-day moving average of $67.10.
First Trust Small Cap Value AlphaDEX Fund Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were given a $0.4655 dividend. This is an increase from First Trust Small Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.2980. This represents a $1.86 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Thursday, September 24th.
Institutional Trading of First Trust Small Cap Value AlphaDEX Fund
Several institutional investors have recently made changes to their positions in the business. Kestra Advisory Services LLC grew its holdings in shares of First Trust Small Cap Value AlphaDEX Fund by 120.6% during the third quarter. Kestra Advisory Services LLC now owns 34,670 shares of the company’s stock worth $2,318,000 after purchasing an additional 18,956 shares during the last quarter. Commonwealth Equity Services LLC acquired a new position in First Trust Small Cap Value AlphaDEX Fund during the third quarter worth approximately $2,891,000. Roman Butler Fullerton & Co. bought a new position in shares of First Trust Small Cap Value AlphaDEX Fund in the third quarter valued at about $3,359,000. Arlington Financial Advisors LLC acquired a new position in First Trust Small Cap Value AlphaDEX Fund in the 3rd quarter valued at $248,000. Finally, Baird Financial Group Inc. lifted its position in shares of First Trust Small Cap Value AlphaDEX Fund by 7.5% during the 2nd quarter. Baird Financial Group Inc. now owns 7,164 shares of the company’s stock valued at $500,000 after acquiring an additional 500 shares during the period.
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.
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