First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) Trading Up 1% – What’s Next?

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) shares shot up 1% during mid-day trading on Friday . The stock traded as high as $55.24 and last traded at $55.18. Approximately 9,492 shares traded hands during trading, a decline of 83% from the average session volume of 54,346 shares. The stock had previously closed at $54.64.

First Trust Small Cap Value AlphaDEX Fund Stock Up 1.0 %

The company has a market cap of $168.30 million, a PE ratio of 9.68 and a beta of 1.37. The firm’s 50-day moving average is $57.27 and its 200-day moving average is $55.32.

First Trust Small Cap Value AlphaDEX Fund Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a dividend of $0.5443 per share. The ex-dividend date was Friday, December 13th.

Institutional Trading of First Trust Small Cap Value AlphaDEX Fund

A number of hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC raised its position in shares of First Trust Small Cap Value AlphaDEX Fund by 16.2% in the 4th quarter. GAMMA Investing LLC now owns 1,463 shares of the company’s stock worth $80,000 after purchasing an additional 204 shares during the last quarter. Northwest Wealth Management LLC bought a new position in shares of First Trust Small Cap Value AlphaDEX Fund in the third quarter worth approximately $207,000. 9258 Wealth Management LLC grew its holdings in shares of First Trust Small Cap Value AlphaDEX Fund by 9.0% during the second quarter. 9258 Wealth Management LLC now owns 4,104 shares of the company’s stock valued at $212,000 after buying an additional 340 shares during the last quarter. Chicago Partners Investment Group LLC increased its position in shares of First Trust Small Cap Value AlphaDEX Fund by 2.3% during the third quarter. Chicago Partners Investment Group LLC now owns 9,368 shares of the company’s stock valued at $508,000 after acquiring an additional 211 shares in the last quarter. Finally, Gateway Wealth Partners LLC bought a new position in First Trust Small Cap Value AlphaDEX Fund in the 2nd quarter valued at approximately $614,000.

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.