First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) Shares Up 0.3% - Here's What Happened

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT - Get Free Report)'s share price traded up 0.3% during mid-day trading on Wednesday . The company traded as high as $53.01 and last traded at $53.01. 6,717 shares were traded during mid-day trading, a decline of 56% from the average session volume of 15,344 shares. The stock had previously closed at $52.84.

First Trust Small Cap Value AlphaDEX Fund Trading Down 1.2%

The firm has a market cap of $129.69 million, a P/E ratio of 10.91 and a beta of 1.37. The business's fifty day simple moving average is $49.83 and its 200-day simple moving average is $50.88.

Institutional Investors Weigh In On First Trust Small Cap Value AlphaDEX Fund

A number of large investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC boosted its stake in shares of First Trust Small Cap Value AlphaDEX Fund by 3.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,880 shares of the company's stock valued at $419,000 after purchasing an additional 240 shares in the last quarter. Avantax Advisory Services Inc. raised its holdings in First Trust Small Cap Value AlphaDEX Fund by 2.4% in the fourth quarter. Avantax Advisory Services Inc. now owns 14,627 shares of the company's stock worth $805,000 after buying an additional 339 shares during the last quarter. Gateway Wealth Partners LLC raised its holdings in First Trust Small Cap Value AlphaDEX Fund by 3.3% in the first quarter. Gateway Wealth Partners LLC now owns 12,094 shares of the company's stock worth $601,000 after buying an additional 391 shares during the last quarter. Capital Analysts LLC raised its holdings in First Trust Small Cap Value AlphaDEX Fund by 39.5% in the first quarter. Capital Analysts LLC now owns 1,968 shares of the company's stock worth $98,000 after buying an additional 557 shares during the last quarter. Finally, Belpointe Asset Management LLC raised its holdings in First Trust Small Cap Value AlphaDEX Fund by 4.3% in the fourth quarter. Belpointe Asset Management LLC now owns 15,213 shares of the company's stock worth $852,000 after buying an additional 633 shares during the last quarter.

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.