First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) Shares Up 0.4%

Shares of First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) shot up 0.4% during mid-day trading on Thursday . The stock traded as high as $50.82 and last traded at $50.38. 8,764 shares traded hands during trading, a decline of 46% from the average session volume of 16,252 shares. The stock had previously closed at $50.17.

First Trust Small Cap Value AlphaDEX Fund Stock Up 0.4 %

The firm has a fifty day moving average of $52.49 and a 200-day moving average of $50.65. The stock has a market capitalization of $181.38 million, a price-to-earnings ratio of 9.23 and a beta of 1.37.

First Trust Small Cap Value AlphaDEX Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were issued a dividend of $0.122 per share. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.49 annualized dividend and a yield of 0.97%.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its position in First Trust Small Cap Value AlphaDEX Fund by 31.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 11,889 shares of the company’s stock worth $647,000 after buying an additional 2,868 shares in the last quarter. Baird Financial Group Inc. purchased a new position in First Trust Small Cap Value AlphaDEX Fund during the fourth quarter worth $2,027,000. Kestra Advisory Services LLC increased its position in First Trust Small Cap Value AlphaDEX Fund by 11.8% during the fourth quarter. Kestra Advisory Services LLC now owns 28,857 shares of the company’s stock worth $1,570,000 after buying an additional 3,039 shares in the last quarter. Tower Research Capital LLC TRC increased its position in First Trust Small Cap Value AlphaDEX Fund by 42.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 23,041 shares of the company’s stock worth $1,253,000 after buying an additional 6,865 shares in the last quarter. Finally, Stifel Financial Corp increased its position in First Trust Small Cap Value AlphaDEX Fund by 68.6% during the fourth quarter. Stifel Financial Corp now owns 34,877 shares of the company’s stock worth $1,897,000 after buying an additional 14,188 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.