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First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Hits New 52-Week High - Should You Buy?

First Trust Small Cap Growth AlphaDEX Fund logo with background

Key Points

  • The First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) reached a new 52-week high of $89.11, indicating significant upward momentum in its stock price.
  • Institutional investors have shown strong interest, with Bank of America Corp DE increasing its stake by 92.8% and Jones Financial Companies Lllp by an extraordinary 1,369.4% in recent months.
  • The fund, launched in 2011, aims to outperform the market by tracking a quant-driven index of small-cap growth stocks.
  • Five stocks we like better than First Trust Small Cap Growth AlphaDEX Fund.

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC - Get Free Report)'s stock price hit a new 52-week high on Monday . The company traded as high as $89.11 and last traded at $89.03, with a volume of 3543 shares. The stock had previously closed at $88.39.

First Trust Small Cap Growth AlphaDEX Fund Price Performance

The firm's fifty day moving average price is $84.08 and its two-hundred day moving average price is $76.26. The stock has a market cap of $520.24 million, a P/E ratio of 20.27 and a beta of 1.19.

Institutional Trading of First Trust Small Cap Growth AlphaDEX Fund

Several hedge funds have recently bought and sold shares of the stock. Ameriprise Financial Inc. purchased a new stake in First Trust Small Cap Growth AlphaDEX Fund during the fourth quarter valued at approximately $485,000. Bank of America Corp DE raised its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 2.8% during the 4th quarter. Bank of America Corp DE now owns 132,219 shares of the company's stock valued at $10,238,000 after buying an additional 3,572 shares during the last quarter. Citadel Advisors LLC purchased a new position in shares of First Trust Small Cap Growth AlphaDEX Fund in the 4th quarter valued at about $2,135,000. Richmond Investment Services LLC acquired a new stake in First Trust Small Cap Growth AlphaDEX Fund in the 4th quarter worth about $3,562,000. Finally, Plotkin Financial Advisors LLC acquired a new position in shares of First Trust Small Cap Growth AlphaDEX Fund during the 4th quarter worth approximately $200,000.

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.

Further Reading

Should You Invest $1,000 in First Trust Small Cap Growth AlphaDEX Fund Right Now?

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