First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) Trading Down 0.1% - Should You Sell?

Key Points

• FYT shares slipped 0.1% to $73.41, with trading volume surging 307% above the average session volume. The fund’s 50-day and 200-day moving averages were $70.40 and $66.05, respectively.
• The fund increased its quarterly dividend to $0.298 per share, up from $0.20, representing an annualized payout of $1.19 and a 1.6% yield.
• Several institutional investors adjusted their positions, including Jones Financial Companies, which increased its stake by 442.5%, while Jane Street Group initiated a new position.

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT - ) shares traded down 0.1% during trading on Friday . The company traded as low as $73.35 and last traded at $73.41. 73,329 shares changed hands during mid-day trading, an increase of 307% from the average session volume of 18,005 shares. The stock had previously closed at $73.48.

First Trust Small Cap Value AlphaDEX Fund Stock Down 0.1%

The company has a 50 day moving average of $70.40 and a two-hundred day moving average of $66.05. The firm has a market cap of $194.54 million, a P/E ratio of 10.91 and a beta of 0.97.

First Trust Small Cap Value AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a $0.298 dividend. This represents a $1.19 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Thursday, June 25th. This is an increase from First Trust Small Cap Value AlphaDEX Fund's previous quarterly dividend of $0.20.

Institutional Trading of First Trust Small Cap Value AlphaDEX Fund

Large investors have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp lifted its position in shares of First Trust Small Cap Value AlphaDEX Fund by 442.5% during the 1st quarter. Jones Financial Companies Lllp now owns 14,724 shares of the company's stock valued at $673,000 after acquiring an additional 12,010 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of First Trust Small Cap Value AlphaDEX Fund during the second quarter worth $261,000. JPMorgan Chase & Co. lifted its holdings in shares of First Trust Small Cap Value AlphaDEX Fund by 32.2% during the third quarter. JPMorgan Chase & Co. now owns 923 shares of the company's stock valued at $52,000 after purchasing an additional 225 shares during the last quarter. Truist Financial Corp lifted its holdings in shares of First Trust Small Cap Value AlphaDEX Fund by 6.8% during the fourth quarter. Truist Financial Corp now owns 48,122 shares of the company's stock valued at $2,728,000 after purchasing an additional 3,058 shares during the last quarter. Finally, Advisory Alpha LLC acquired a new position in shares of First Trust Small Cap Value AlphaDEX Fund in the 4th quarter valued at $282,000.

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.

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