First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Hits New 52-Week High - Here's What Happened

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 - )'s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $87.96 and last traded at $87.79, with a volume of 12273 shares changing hands. The stock had previously closed at $87.32.

First Trust Small Cap Growth AlphaDEX Fund Stock Performance

The firm has a market cap of $500.86 million, a price-to-earnings ratio of 20.27 and a beta of 1.19. The business's 50 day moving average price is $82.31 and its 200-day moving average price is $75.23.

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

Several institutional investors and hedge funds 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 first quarter worth about $34,000. Capital Analysts LLC bought a new position in First Trust Small Cap Growth AlphaDEX Fund in the 1st quarter worth about $41,000. Northwestern Mutual Wealth Management Co. grew its position in First Trust Small Cap Growth AlphaDEX Fund by 102.6% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 873 shares of the company's stock worth $60,000 after purchasing an additional 442 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in First Trust Small Cap Growth AlphaDEX Fund in the 2nd quarter worth about $68,000. Finally, Ameritas Advisory Services LLC bought a new position in First Trust Small Cap Growth AlphaDEX Fund in the 2nd quarter worth about $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.

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