First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) Stock Price Down 0.5% – Here’s What Happened

Shares of First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) dropped 0.5% during trading on Monday . The stock traded as low as $67.28 and last traded at $67.35. Approximately 5,075 shares traded hands during mid-day trading, a decline of 73% from the average daily volume of 19,043 shares. The stock had previously closed at $67.66.

First Trust Small Cap Value AlphaDEX Fund Stock Performance

The stock has a 50 day simple moving average of $66.12 and a two-hundred day simple moving average of $62.62. The firm has a market cap of $185.21 million, a PE ratio of 10.91 and a beta of 0.98.

Hedge Funds Weigh In On First Trust Small Cap Value AlphaDEX Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FYT. Sound Income Strategies LLC purchased a new position in First Trust Small Cap Value AlphaDEX Fund during the fourth quarter worth about $44,000. JPMorgan Chase & Co. raised its stake in shares of First Trust Small Cap Value AlphaDEX Fund by 32.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 923 shares of the company’s stock valued at $52,000 after acquiring an additional 225 shares during the period. Western Wealth Management LLC purchased a new stake in shares of First Trust Small Cap Value AlphaDEX Fund in the 1st quarter valued at approximately $60,000. Level Four Advisory Services LLC acquired a new position in shares of First Trust Small Cap Value AlphaDEX Fund in the 3rd quarter worth approximately $201,000. Finally, Corient Private Wealth LLC acquired a new position in shares of First Trust Small Cap Value AlphaDEX Fund in the 4th quarter worth approximately $202,000.

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.