First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) Stock Price Up 0.5% - Here's Why

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT - Get Free Report)'s stock price traded up 0.5% during mid-day trading on Friday . The company traded as high as $52.43 and last traded at $52.19. 5,762 shares were traded during trading, a decline of 53% from the average session volume of 12,302 shares. The stock had previously closed at $51.93.

First Trust Small Cap Value AlphaDEX Fund Stock Performance

The company has a market capitalization of $161.79 million, a P/E ratio of 9.68 and a beta of 1.37. The business has a 50 day moving average of $54.81 and a 200-day moving average of $55.67.

First Trust Small Cap Value AlphaDEX Fund Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a $0.5443 dividend. The ex-dividend date of this dividend was Friday, December 13th.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Blueprint Investment Partners LLC boosted its holdings in shares of First Trust Small Cap Value AlphaDEX Fund by 12.8% in the 4th quarter. Blueprint Investment Partners LLC now owns 288,733 shares of the company's stock worth $15,883,000 after purchasing an additional 32,743 shares in the last quarter. Kingsview Wealth Management LLC raised its position in shares of First Trust Small Cap Value AlphaDEX Fund by 55.6% in the 3rd quarter. Kingsview Wealth Management LLC now owns 117,206 shares of the company's stock worth $6,511,000 after acquiring an additional 41,881 shares in the last quarter. Proactive Wealth Strategies LLC bought a new position in shares of First Trust Small Cap Value AlphaDEX Fund in the 3rd quarter worth approximately $4,340,000. Stifel Financial Corp increased its position in First Trust Small Cap Value AlphaDEX Fund by 32.0% during the 3rd quarter. Stifel Financial Corp now owns 70,496 shares of the company's stock valued at $3,916,000 after buying an additional 17,091 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in First Trust Small Cap Value AlphaDEX Fund during the 4th quarter valued at approximately $3,054,000.

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.