First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Shares Climb 1% – What’s Next?

by · The Markets Daily

Shares of First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC – Get Free Report) rose 1% during trading on Wednesday. The stock traded as high as $116.57 and last traded at $116.42. 104,940 shares traded hands during mid-day trading, an increase of 40% from the average session volume of 74,929 shares. The stock had previously closed at $115.22.

First Trust Small Cap Growth AlphaDEX Fund Stock Down 2.4%

The business’s 50 day moving average is $116.69 and its 200-day moving average is $111.72. The firm has a market capitalization of $1.33 billion, a P/E ratio of 20.27 and a beta of 1.19.

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

Several hedge funds and other institutional investors have recently modified their holdings of the business. Baird Financial Group Inc. lifted its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 70.2% in the 2nd quarter. Baird Financial Group Inc. now owns 124,071 shares of the company’s stock valued at $15,799,000 after acquiring an additional 51,154 shares during the last quarter. Bank of America Corp DE boosted its position in First Trust Small Cap Growth AlphaDEX Fund by 21.2% during the 1st quarter. Bank of America Corp DE now owns 244,266 shares of the company’s stock worth $23,689,000 after buying an additional 42,752 shares during the period. Redhawk Wealth Advisors Inc. acquired a new stake in First Trust Small Cap Growth AlphaDEX Fund during the 2nd quarter worth approximately $5,057,000. Cetera Investment Advisers boosted its position in First Trust Small Cap Growth AlphaDEX Fund by 13.6% during the 1st quarter. Cetera Investment Advisers now owns 289,684 shares of the company’s stock worth $28,094,000 after buying an additional 34,676 shares during the period. Finally, Summit Financial Consulting LLC bought a new stake in First Trust Small Cap Growth AlphaDEX Fund during the 3rd quarter worth approximately $1,865,000.

About First Trust Small Cap Growth AlphaDEX Fund

(Get Free Report)

The First Trust Small Cap Growth AlphaDEX Fund (FYC) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Small Cap Growth index. The fund tracks a quant-driven index that select stocks from a small-cap growth universe in an attempt to outperform the market. FYC was launched on Apr 18, 2011 and is managed by First Trust.

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