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First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) Shares Down 1.9% - Time to Sell?

First Trust Small Cap Value AlphaDEX Fund logo with background

Shares of First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT - Get Free Report) dropped 1.9% during mid-day trading on Monday . The stock traded as low as $43.41 and last traded at $44.26. Approximately 142,400 shares traded hands during trading, an increase of 834% from the average daily volume of 15,239 shares. The stock had previously closed at $45.10.

First Trust Small Cap Value AlphaDEX Fund Stock Performance

The stock has a market capitalization of $122.60 million, a P/E ratio of 11.70 and a beta of 1.37. The business has a 50-day moving average price of $50.64 and a 200 day moving average price of $54.30.

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

Large investors have recently modified their holdings of the stock. GAMMA Investing LLC grew its position in First Trust Small Cap Value AlphaDEX Fund by 16.2% during the 4th quarter. GAMMA Investing LLC now owns 1,463 shares of the company's stock valued at $80,000 after purchasing an additional 204 shares during the last quarter. Avantax Advisory Services Inc. raised its holdings in First Trust Small Cap Value AlphaDEX Fund by 2.4% in the 4th quarter. Avantax Advisory Services Inc. now owns 14,627 shares of the company's stock worth $805,000 after acquiring an additional 339 shares during the last quarter. Gateway Wealth Partners LLC lifted its position in First Trust Small Cap Value AlphaDEX Fund by 4.0% in the 4th quarter. Gateway Wealth Partners LLC now owns 11,703 shares of the company's stock valued at $644,000 after acquiring an additional 446 shares in the last quarter. Belpointe Asset Management LLC boosted its stake in First Trust Small Cap Value AlphaDEX Fund by 4.3% during the 4th quarter. Belpointe Asset Management LLC now owns 15,213 shares of the company's stock valued at $852,000 after purchasing an additional 633 shares during the last quarter. Finally, US Bancorp DE raised its stake in shares of First Trust Small Cap Value AlphaDEX Fund by 2.5% in the fourth quarter. US Bancorp DE now owns 27,252 shares of the company's stock worth $1,502,000 after purchasing an additional 668 shares during the last quarter.

About First Trust Small Cap Value AlphaDEX Fund

(Get Free Report)

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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