First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) Stock Price Up 0.3% - Time to Buy?

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

First Trust Small Cap Value AlphaDEX Fund Stock Up 1.2%

The firm has a market capitalization of $131.46 million, a price-to-earnings ratio of 10.91 and a beta of 1.37. The stock's 50 day moving average price is $49.69 and its two-hundred day moving average price is $50.89.

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

A number of hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. grew its stake in shares of First Trust Small Cap Value AlphaDEX Fund by 458.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,688 shares of the company's stock worth $93,000 after acquiring an additional 1,386 shares in the last quarter. Capital Analysts LLC increased its stake in shares of 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 valued at $98,000 after buying an additional 557 shares during the period. Jones Financial Companies Lllp boosted its position in First Trust Small Cap Value AlphaDEX Fund by 69.8% during 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 stake in First Trust Small Cap Value AlphaDEX Fund in the fourth quarter valued at $203,000. Finally, Waverly Advisors LLC acquired a new position in shares of First Trust Small Cap Value AlphaDEX Fund in the fourth quarter worth approximately $248,000.

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.