First Trust Small Cap Value AlphaDEX Fund Announces Quarterly Dividend of $0.21 (NASDAQ:FYT)

Key Points

• The First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) declared a quarterly dividend of $0.21, payable on September 30th to investors of record from September 25th, representing a yield of 1.5%.
• As of the latest trading session, FYT's stock price dropped 1.5% to $55.42, with a 52-week trading range between $42.11 and $61.44.
• Institutional investors have recently increased their stakes in FYT significantly, with GAMMA Investing LLC boosting its holdings by 4,873% in the first quarter.

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT - Get Free Report) declared a quarterly dividend on Wednesday, September 24th. Investors of record on Thursday, September 25th will be paid a dividend of 0.2053 per share on Tuesday, September 30th. This represents a c) annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Thursday, September 25th.

First Trust Small Cap Value AlphaDEX Fund Stock Down 1.5%

FYT traded down $0.83 during trading on Thursday, reaching $55.42. 2,546 shares of the company's stock were exchanged, compared to its average volume of 12,823. The company has a market capitalization of $135.78 million, a P/E ratio of 10.91 and a beta of 1.37. The business has a 50 day moving average price of $54.62 and a 200 day moving average price of $50.88. First Trust Small Cap Value AlphaDEX Fund has a fifty-two week low of $42.11 and a fifty-two week high of $61.44.

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

Institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC boosted its holdings in shares of First Trust Small Cap Value AlphaDEX Fund by 4,873.0% in the 1st quarter. GAMMA Investing LLC now owns 72,755 shares of the company's stock valued at $3,618,000 after buying an additional 71,292 shares during the last quarter. Raymond James Financial Inc. increased its position in shares of First Trust Small Cap Value AlphaDEX Fund by 76.1% in the first quarter. Raymond James Financial Inc. now owns 97,797 shares of the company's stock worth $4,863,000 after purchasing an additional 42,276 shares during the period. Daymark Wealth Partners LLC bought a new stake in shares of First Trust Small Cap Value AlphaDEX Fund during the first quarter worth about $1,040,000. Benjamin Edwards Inc. acquired a new position in shares of First Trust Small Cap Value AlphaDEX Fund in the first quarter worth approximately $695,000. Finally, Jones Financial Companies Lllp lifted its stake in shares of First Trust Small Cap Value AlphaDEX Fund by 442.5% in the first quarter. Jones Financial Companies Lllp now owns 14,724 shares of the company's stock worth $673,000 after acquiring an additional 12,010 shares during the period.

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.

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