First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) Trading Up 0.5% – Here’s Why

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) was up 0.5% on Friday . The stock traded as high as $72.31 and last traded at $72.28. Approximately 9,655 shares traded hands during trading, a decline of 45% from the average daily volume of 17,404 shares. The stock had previously closed at $71.89.

First Trust Small Cap Value AlphaDEX Fund Stock Performance

The business has a 50-day simple moving average of $71.64 and a 200-day simple moving average of $67.07. The company has a market cap of $191.54 million, a price-to-earnings ratio of 10.91 and a beta of 0.97.

First Trust Small Cap Value AlphaDEX Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a $0.298 dividend. This represents a $1.19 annualized dividend and a yield of 1.6%. This is a positive change from First Trust Small Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, June 25th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its position in shares of First Trust Small Cap Value AlphaDEX Fund by 442.5% in the 1st quarter. Jones Financial Companies Lllp now owns 14,724 shares of the company’s stock valued at $673,000 after purchasing an additional 12,010 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of First Trust Small Cap Value AlphaDEX Fund during the second quarter worth $261,000. JPMorgan Chase & Co. grew its stake in shares of First Trust Small Cap Value AlphaDEX Fund by 32.2% during the third quarter. JPMorgan Chase & Co. now owns 923 shares of the company’s stock worth $52,000 after purchasing an additional 225 shares in the last quarter. Truist Financial Corp grew its stake in shares of First Trust Small Cap Value AlphaDEX Fund by 6.8% during the fourth quarter. Truist Financial Corp now owns 48,122 shares of the company’s stock worth $2,728,000 after purchasing an additional 3,058 shares in the last quarter. Finally, Advisory Alpha LLC purchased a new position in First Trust Small Cap Value AlphaDEX Fund in the fourth quarter valued at $282,000.

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.