First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) Trading Up 0.5% – Should You Buy?

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) shares 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 changed hands 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 Price Performance

The business has a 50 day simple moving average of $54.81 and a 200 day simple moving average of $55.63. The stock has a market cap of $161.79 million, a PE ratio of 9.68 and a beta of 1.37.

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 given a $0.5443 dividend. The ex-dividend date was Friday, December 13th.

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

Several institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC raised its stake in shares of First Trust Small Cap Value AlphaDEX Fund by 16.2% in the 4th quarter. GAMMA Investing LLC now owns 1,463 shares of the company’s stock valued at $80,000 after acquiring an additional 204 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in First Trust Small Cap Value AlphaDEX Fund by 458.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,688 shares of the company’s stock valued at $93,000 after buying an additional 1,386 shares during the last quarter. Jones Financial Companies Lllp increased its position in First Trust Small Cap Value AlphaDEX Fund by 69.8% in the 4th quarter. Jones Financial Companies Lllp now owns 2,714 shares of the company’s stock worth $149,000 after buying an additional 1,116 shares during the period. Level Four Advisory Services LLC acquired a new position in shares of First Trust Small Cap Value AlphaDEX Fund during the fourth quarter worth approximately $203,000. Finally, Northwest Wealth Management LLC bought a new stake in shares of First Trust Small Cap Value AlphaDEX Fund in the third quarter valued at approximately $207,000.

First Trust Small Cap Value AlphaDEX Fund Company Profile

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.