First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Reaches New 1-Year High - What's Next?

Key Points

• The First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) reached a new 52-week high, trading at $87.96 during mid-day on Monday.
• FYC has a market cap of $500.86 million and a price-to-earnings ratio of 20.27, indicating solid performance metrics.
• Several institutional investors have recently increased their stakes in FYC, including Montag A & Associates, Capital Analysts LLC, and Northwestern Mutual Wealth Management Co..

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC - Get Free Report)'s share price reached a new 52-week high during trading on Monday . The stock traded as high as $87.96 and last traded at $87.79, with a volume of 12273 shares traded. The stock had previously closed at $87.32.

First Trust Small Cap Growth AlphaDEX Fund Stock Performance

The firm has a market cap of $503.82 million, a P/E ratio of 20.27 and a beta of 1.19. The company has a 50-day moving average of $83.11 and a 200 day moving average of $75.69.

Institutional Investors Weigh In On First Trust Small Cap Growth AlphaDEX Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of FYC. Montag A & Associates Inc. acquired a new stake in First Trust Small Cap Growth AlphaDEX Fund during the 1st quarter valued at $34,000. Capital Analysts LLC acquired a new stake in First Trust Small Cap Growth AlphaDEX Fund during the 1st quarter valued at $41,000. Northwestern Mutual Wealth Management Co. increased its holdings in First Trust Small Cap Growth AlphaDEX Fund by 102.6% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 873 shares of the company's stock valued at $60,000 after purchasing an additional 442 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in First Trust Small Cap Growth AlphaDEX Fund during the 2nd quarter valued at $68,000. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of First Trust Small Cap Growth AlphaDEX Fund in the 2nd quarter valued at $147,000.

First Trust Small Cap Growth AlphaDEX Fund Company Profile

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.