First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) Stock Price Passes Above Fifty Day Moving Average – Should You Sell?

Shares of First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $56.75 and traded as high as $60.03. First Trust Small Cap Value AlphaDEX Fund shares last traded at $59.40, with a volume of 7,426 shares trading hands.

First Trust Small Cap Value AlphaDEX Fund Stock Up 0.5 %

The firm’s fifty day moving average price is $56.95 and its 200-day moving average price is $54.90. The stock has a market cap of $181.84 million, a P/E ratio of 9.68 and a beta of 1.37.

First Trust Small Cap Value AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a $0.2365 dividend. This represents a $0.95 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date was Thursday, September 26th.

Institutional Trading of First Trust Small Cap Value AlphaDEX Fund

Several large investors have recently modified their holdings of FYT. International Assets Investment Management LLC purchased a new position in shares of First Trust Small Cap Value AlphaDEX Fund during the second quarter valued at about $184,000. Northwest Wealth Management LLC purchased a new position in shares of First Trust Small Cap Value AlphaDEX Fund during the 3rd quarter worth approximately $207,000. 9258 Wealth Management LLC raised its position in shares of First Trust Small Cap Value AlphaDEX Fund by 9.0% in the 2nd quarter. 9258 Wealth Management LLC now owns 4,104 shares of the company’s stock worth $212,000 after acquiring an additional 340 shares in the last quarter. Chicago Partners Investment Group LLC lifted its stake in shares of First Trust Small Cap Value AlphaDEX Fund by 2.3% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 9,368 shares of the company’s stock valued at $508,000 after purchasing an additional 211 shares during the period. Finally, Gateway Wealth Partners LLC purchased a new position in shares of 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.