First Trust Small Cap Value AlphaDEX Fund Announces $0.54 Dividend

First Trust Small Cap Value AlphaDEX Fund (NASDAQ:FYT) declared a dividend on Thursday, December 12th, as reported by NASDAQ Dividends. Investors who own shares as of Friday, December 13th, will receive a dividend of $0.5443 per share on Tuesday, December 31st. Importantly, the ex-dividend date for this payout is set for Friday, December 13th.

Price Movement of First Trust Small Cap Value AlphaDEX Fund

On Friday, shares of NASDAQ FYT fell by $0.84, bringing the stock's price down to $58.24. During the trading session, 3,365 shares exchanged hands compared to an average volume of 14,842 shares. Over the past year, the stock has reached a low of $50.09 and a high of $61.44. The fund currently holds a market capitalization of approximately $177.62 million, a price-to-earnings (PE) ratio of 9.68, and a beta of 1.37, indicating its volatility in the market. Furthermore, the stock's 50-day and 200-day simple moving averages stand at $57.06 and $54.93, respectively.

About the Fund

The First Trust Small Cap Value AlphaDEX Fund (FYT) functions as an exchange-traded fund that reflects the NASDAQ AlphaDEX Small Cap Value Index. It aims to track an index comprising securities selected from the NASDAQ US 700 Small Cap Index, which undergo a rescreening and weighting process based on a tiered methodology. The fund was established on April 18, 2011, and is managed by First Trust.

Investment Considerations

For investors considering whether to invest in the First Trust Small Cap Value AlphaDEX Fund, it’s important to note that while the fund currently has a 'Hold' rating from analysts, there may be other stocks that are deemed better investment opportunities. Marketbeat, a service that monitors top analysts, suggests that there are five stocks that analysts believe could be more favorable buys than FYT right now.

Overall, the dividend announcement and past performance of the fund offer valuable insights for both current and prospective investors seeking solid returns in the small-cap value sector.

dividend, stock, ETF