First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) Trading 1% Higher - What's Next?

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT - Get Free Report)'s share price rose 1% during trading on Friday . The company traded as high as $55.24 and last traded at $55.18. Approximately 9,492 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 54,346 shares. The stock had previously closed at $54.64.

First Trust Small Cap Value AlphaDEX Fund Stock Up 1.0 %

The company has a market capitalization of $168.30 million, a PE ratio of 9.68 and a beta of 1.37. The company has a 50-day moving average price of $57.27 and a two-hundred day moving average price of $55.35.

First Trust Small Cap Value AlphaDEX Fund Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a dividend of $0.5443 per share. The ex-dividend date was Friday, December 13th.

Institutional Trading of First Trust Small Cap Value AlphaDEX Fund

Several institutional investors and hedge funds have recently bought and sold shares of FYT. Proactive Wealth Strategies LLC purchased a new stake in First Trust Small Cap Value AlphaDEX Fund in the third quarter valued at approximately $4,340,000. Kingsview Wealth Management LLC lifted its holdings in shares of First Trust Small Cap Value AlphaDEX Fund by 55.6% during 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 during the last quarter. Stifel Financial Corp grew its position in First Trust Small Cap Value AlphaDEX Fund by 32.0% in the third quarter. Stifel Financial Corp now owns 70,496 shares of the company's stock worth $3,916,000 after acquiring an additional 17,091 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in First Trust Small Cap Value AlphaDEX Fund during the second quarter valued at about $886,000. Finally, Gateway Wealth Partners LLC bought a new position in shares of First Trust Small Cap Value AlphaDEX Fund during the 2nd quarter valued at about $614,000.

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.