First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) Shares Up 0.5% - What's Next?

Key Points

• FYT shares rose 0.5% to $72.28 in mid-day trading, though volume was 45% below its average. The ETF has a $191.54 million market capitalization and trades at a P/E ratio of 10.91.
• First Trust Small Cap Value AlphaDEX Fund increased its quarterly dividend to $0.298 per share, up from $0.20, implying an annualized dividend of $1.19 and a 1.6% yield.
• Several institutional investors expanded their positions, including Kingsview Wealth Management, which raised its stake by 38.8%, and Royal Bank of Canada, which increased holdings by 16.3%.

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT - )'s stock price rose 0.5% during mid-day trading on Friday . The company traded as high as $72.31 and last traded at $72.28. Approximately 9,655 shares changed hands during mid-day trading, a decline of 45% from the average daily volume of 17,404 shares. The stock had previously closed at $71.89.

First Trust Small Cap Value AlphaDEX Fund Stock Up 0.5%

The company has a market capitalization of $191.54 million, a P/E ratio of 10.91 and a beta of 0.97. The firm has a fifty day simple moving average of $71.64 and a 200-day simple moving average of $67.07.

First Trust Small Cap Value AlphaDEX Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a $0.298 dividend. The ex-dividend date was Thursday, June 25th. This represents a $1.19 annualized dividend and a dividend yield of 1.6%. This is a boost 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

Hedge funds have recently bought and sold shares of the stock. LPL Financial LLC boosted its holdings in shares of First Trust Small Cap Value AlphaDEX Fund by 3.3% in the fourth quarter. LPL Financial LLC now owns 218,137 shares of the company's stock valued at $12,365,000 after buying an additional 6,976 shares during the period. Wells Fargo & Company MN lifted its position in First Trust Small Cap Value AlphaDEX Fund by 1.5% in the 4th quarter. Wells Fargo & Company MN now owns 183,000 shares of the company's stock valued at $10,373,000 after acquiring an additional 2,635 shares in the last quarter. Kingsview Wealth Management LLC boosted its stake in First Trust Small Cap Value AlphaDEX Fund by 38.8% in the 4th quarter. Kingsview Wealth Management LLC now owns 129,940 shares of the company's stock worth $7,366,000 after purchasing an additional 36,329 shares during the period. Royal Bank of Canada boosted its stake in First Trust Small Cap Value AlphaDEX Fund by 16.3% in the 4th quarter. Royal Bank of Canada now owns 106,559 shares of the company's stock worth $6,040,000 after purchasing an additional 14,973 shares during the period. Finally, Cetera Investment Advisers increased its holdings in First Trust Small Cap Value AlphaDEX Fund by 7.6% during the 1st quarter. Cetera Investment Advisers now owns 60,279 shares of the company's stock worth $3,725,000 after purchasing an additional 4,268 shares in the last quarter.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source