First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) Shares Down 1.4% - What's Next?

Key Points

• The First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) saw a share price decline of 1.4% on Thursday, trading at $51.35 after closing at $52.08.
• Recent institutional trading activity includes new stakes taken by Trust Co. of Toledo and Ameritas Advisory Services, indicating potential interest from larger investors.
• The fund, launched in 2011, aims to track securities based on the NASDAQ AlphaDEX Small Cap Value index, indicating a focus on small-cap value investments.

Shares of First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT - Get Free Report) fell 1.4% during mid-day trading on Thursday . The company traded as low as $51.26 and last traded at $51.35. 8,002 shares changed hands during trading, a decline of 44% from the average session volume of 14,326 shares. The stock had previously closed at $52.08.

First Trust Small Cap Value AlphaDEX Fund Price Performance

The stock has a 50-day simple moving average of $50.96 and a 200-day simple moving average of $50.62. The stock has a market cap of $123.64 million, a PE ratio of 10.91 and a beta of 1.37.

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

Institutional investors have recently added to or reduced their stakes in the company. Trust Co. of Toledo NA OH purchased a new stake in shares of First Trust Small Cap Value AlphaDEX Fund in the second quarter worth about $25,000. Ameritas Advisory Services LLC purchased a new stake in shares of First Trust Small Cap Value AlphaDEX Fund in the second quarter worth about $54,000. Capital Analysts LLC boosted its position 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 worth $98,000 after buying an additional 557 shares during the period. Waverly Advisors LLC purchased a new stake in shares of First Trust Small Cap Value AlphaDEX Fund in the fourth quarter worth about $248,000. Finally, Signature Estate & Investment Advisors LLC purchased a new stake in shares of First Trust Small Cap Value AlphaDEX Fund in the first quarter worth about $264,000.

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.