First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) Shares Down 0.9% – Time to Sell?

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

First Trust Small Cap Value AlphaDEX Fund Stock Up 0.2 %

The stock has a market capitalization of $178.44 million, a P/E ratio of 9.68 and a beta of 1.37. The stock’s 50 day moving average price is $54.91 and its 200-day moving average price is $53.88.

First Trust Small Cap Value AlphaDEX Fund Cuts Dividend

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

Institutional Trading of First Trust Small Cap Value AlphaDEX Fund

Hedge funds have recently modified their holdings of the company. Proactive Wealth Strategies LLC acquired a new stake in shares of First Trust Small Cap Value AlphaDEX Fund in the 3rd quarter worth $4,340,000. Northwest Wealth Management LLC purchased a new stake in First Trust Small Cap Value AlphaDEX Fund in the third quarter valued at about $207,000. Chicago Partners Investment Group LLC boosted its holdings 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 acquiring an additional 211 shares in the last quarter. US Bancorp DE grew its stake in shares of First Trust Small Cap Value AlphaDEX Fund by 4.0% during the third quarter. US Bancorp DE now owns 26,584 shares of the company’s stock worth $1,480,000 after acquiring an additional 1,018 shares during the last quarter. Finally, Simplicity Wealth LLC increased its holdings in shares of First Trust Small Cap Value AlphaDEX Fund by 1.6% during the third quarter. Simplicity Wealth LLC now owns 289,519 shares of the company’s stock valued at $16,083,000 after acquiring an additional 4,541 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.