First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) Stock Price Down 0.1% – Here’s What Happened

by · The Markets Daily

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT – Get Free Report)’s share price was down 0.1% on Friday . The stock traded as low as $73.35 and last traded at $73.41. 73,329 shares traded hands during mid-day trading, an increase of 307% from the average daily volume of 18,005 shares. The stock had previously closed at $73.48.

First Trust Small Cap Value AlphaDEX Fund Trading Down 0.1%

The firm has a market cap of $194.54 million, a PE ratio of 10.91 and a beta of 0.97. The company’s 50-day moving average is $70.40 and its 200 day moving average is $66.05.

First Trust Small Cap Value AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a $0.298 dividend. This represents a $1.19 annualized dividend and a dividend yield of 1.6%. This is a boost from First Trust Small Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, June 25th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FYT. LPL Financial LLC boosted its holdings in shares of First Trust Small Cap Value AlphaDEX Fund by 3.3% during the fourth quarter. LPL Financial LLC now owns 218,137 shares of the company’s stock worth $12,365,000 after purchasing an additional 6,976 shares during the period. Wells Fargo & Company MN boosted its stake in shares of First Trust Small Cap Value AlphaDEX Fund by 1.5% during the 4th quarter. Wells Fargo & Company MN now owns 183,000 shares of the company’s stock valued at $10,373,000 after buying an additional 2,635 shares during the period. Kingsview Wealth Management LLC grew its holdings in shares of First Trust Small Cap Value AlphaDEX Fund by 38.8% during the 4th quarter. Kingsview Wealth Management LLC now owns 129,940 shares of the company’s stock valued at $7,366,000 after acquiring an additional 36,329 shares in the last quarter. Royal Bank of Canada increased its stake in shares of First Trust Small Cap Value AlphaDEX Fund by 16.3% in the fourth quarter. Royal Bank of Canada now owns 106,559 shares of the company’s stock worth $6,040,000 after acquiring an additional 14,973 shares during the last quarter. Finally, Cetera Investment Advisers raised its holdings in shares of First Trust Small Cap Value AlphaDEX Fund by 7.6% during the first quarter. Cetera Investment Advisers now owns 60,279 shares of the company’s stock worth $3,725,000 after acquiring an additional 4,268 shares in the last quarter.

First Trust Small Cap Value AlphaDEX Fund Company Profile

(Get Free Report)

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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