First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) Stock Price Down 0.9% – What’s Next?

Shares of First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) dropped 0.9% during trading on Thursday . The stock traded as low as $58.41 and last traded at $58.41. Approximately 4,528 shares traded 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 Down 0.9 %

The company has a market capitalization of $178.15 million, a PE ratio of 9.68 and a beta of 1.37. The company’s 50 day moving average is $54.86 and its two-hundred day moving average is $53.83.

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 issued a $0.2365 dividend. This represents a $0.95 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date was Thursday, September 26th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Chicago Partners Investment Group LLC lifted its stake in First Trust Small Cap Value AlphaDEX Fund by 2.3% in the third quarter. Chicago Partners Investment Group LLC now owns 9,368 shares of the company’s stock worth $508,000 after purchasing an additional 211 shares during the last quarter. 9258 Wealth Management LLC boosted its holdings in First Trust Small Cap Value AlphaDEX Fund by 9.0% during the 2nd quarter. 9258 Wealth Management LLC now owns 4,104 shares of the company’s stock valued at $212,000 after acquiring an additional 340 shares during the period. US Bancorp DE grew its position in First Trust Small Cap Value AlphaDEX Fund by 2.7% in the 1st quarter. US Bancorp DE now owns 25,157 shares of the company’s stock valued at $1,369,000 after acquiring an additional 654 shares during the last quarter. GAMMA Investing LLC purchased a new stake in First Trust Small Cap Value AlphaDEX Fund in the second quarter worth $65,000. Finally, International Assets Investment Management LLC bought a new stake in shares of First Trust Small Cap Value AlphaDEX Fund during the second quarter worth $184,000.

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.