First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) Trading Down 0.5% – What’s Next?

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT)’s stock price traded down 0.5% on Monday . The company traded as low as $67.28 and last traded at $67.35. Approximately 5,075 shares changed hands during trading, a decline of 73% from the average daily volume of 19,043 shares. The stock had previously closed at $67.66.

First Trust Small Cap Value AlphaDEX Fund Stock Down 0.5%

The stock has a market cap of $185.21 million, a price-to-earnings ratio of 10.91 and a beta of 0.98. The firm’s 50 day moving average is $66.12 and its two-hundred day moving average is $62.62.

Institutional Trading of First Trust Small Cap Value AlphaDEX Fund

Institutional investors and hedge funds have recently made changes to their positions in the stock. Janney Montgomery Scott LLC lifted its holdings in shares of First Trust Small Cap Value AlphaDEX Fund by 5.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 3,734 shares of the company’s stock worth $231,000 after purchasing an additional 196 shares during the last quarter. JPMorgan Chase & Co. grew its stake in First Trust Small Cap Value AlphaDEX Fund by 32.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 923 shares of the company’s stock worth $52,000 after buying an additional 225 shares during the last quarter. US Bancorp DE grew its stake in First Trust Small Cap Value AlphaDEX Fund by 1.6% during the 3rd quarter. US Bancorp DE now owns 30,449 shares of the company’s stock worth $1,705,000 after buying an additional 473 shares during the last quarter. Sound Income Strategies LLC bought a new position in First Trust Small Cap Value AlphaDEX Fund during the 4th quarter worth $44,000. Finally, Western Wealth Management LLC acquired a new stake in First Trust Small Cap Value AlphaDEX Fund in the first quarter worth $60,000.

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.