First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Plans $0.08 Quarterly Dividend

Key Points

• The First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) has announced a quarterly dividend of $0.08 per share, with an annualized dividend yield of 0.3%.
• The fund currently has a market capitalization of $515.62 million, with a P/E ratio of 20.27 and a 1-year stock price range between $59.29 and $93.07.
• Several hedge funds have recently increased their stakes in the fund, indicating increased institutional interest, particularly a 92.8% increase in position by Bank of America Corp DE.

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC - Get Free Report) announced a quarterly dividend on Wednesday, September 24th. Shareholders of record on Thursday, September 25th will be given a dividend of 0.0776 per share on Tuesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Thursday, September 25th.

First Trust Small Cap Growth AlphaDEX Fund Price Performance

FYC stock opened at $90.46 on Thursday. The stock has a market capitalization of $515.62 million, a P/E ratio of 20.27 and a beta of 1.19. First Trust Small Cap Growth AlphaDEX Fund has a 1-year low of $59.29 and a 1-year high of $93.07. The business has a fifty day moving average price of $84.76 and a 200-day moving average price of $76.68.

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

Several hedge funds and other institutional investors have recently bought and sold shares of FYC. LPL Financial LLC grew its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 3.2% in the first quarter. LPL Financial LLC now owns 592,006 shares of the company's stock worth $40,730,000 after acquiring an additional 18,177 shares during the period. First Trust Advisors LP boosted its holdings in First Trust Small Cap Growth AlphaDEX Fund by 2.8% in the second quarter. First Trust Advisors LP now owns 254,884 shares of the company's stock worth $20,284,000 after purchasing an additional 7,042 shares during the last quarter. Bank of America Corp DE grew its position in First Trust Small Cap Growth AlphaDEX Fund by 92.8% in the 2nd quarter. Bank of America Corp DE now owns 246,143 shares of the company's stock worth $19,588,000 after purchasing an additional 118,450 shares during the period. Cetera Investment Advisers grew its position in First Trust Small Cap Growth AlphaDEX Fund by 23.5% in the 2nd quarter. Cetera Investment Advisers now owns 191,383 shares of the company's stock worth $15,230,000 after purchasing an additional 36,449 shares during the period. Finally, Eclectic Associates Inc. ADV raised its stake in First Trust Small Cap Growth AlphaDEX Fund by 5.8% during the 2nd quarter. Eclectic Associates Inc. ADV now owns 143,687 shares of the company's stock valued at $11,434,000 after buying an additional 7,824 shares during the last quarter.

About First Trust Small Cap Growth AlphaDEX Fund

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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