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

Key Points

• The First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) reached a new 52-week high of $93.73 during trading, with a market capitalization of $613.03 million.
• Recently, the fund announced a quarterly dividend of $0.0776 per share, yielding 0.3%, paid on September 30th.
• Several hedge funds have increased their stakes in FYC, with firms like Kestra Advisory Services LLC and Stratos Wealth Partners LTD. boosting their positions by up to 7.8%.

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC - ) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $93.62 and last traded at $93.73, with a volume of 14178 shares traded. The stock had previously closed at $92.27.

First Trust Small Cap Growth AlphaDEX Fund Stock Performance

The company has a market capitalization of $613.03 million, a price-to-earnings ratio of 20.27 and a beta of 1.19. The firm's 50-day simple moving average is $87.58 and its 200-day simple moving average is $78.67.

First Trust Small Cap Growth AlphaDEX Fund Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were given a dividend of $0.0776 per share. This represents a $0.31 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Thursday, September 25th.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC boosted its position in First Trust Small Cap Growth AlphaDEX Fund by 0.8% in the first quarter. Kestra Advisory Services LLC now owns 17,168 shares of the company's stock valued at $1,181,000 after buying an additional 142 shares in the last quarter. Independent Wealth Network Inc. boosted its position in First Trust Small Cap Growth AlphaDEX Fund by 2.3% in the second quarter. Independent Wealth Network Inc. now owns 8,163 shares of the company's stock valued at $650,000 after buying an additional 186 shares in the last quarter. US Bancorp DE boosted its position in First Trust Small Cap Growth AlphaDEX Fund by 0.9% in the second quarter. US Bancorp DE now owns 20,463 shares of the company's stock valued at $1,632,000 after buying an additional 186 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in First Trust Small Cap Growth AlphaDEX Fund by 2.8% in the first quarter. Geneos Wealth Management Inc. now owns 8,377 shares of the company's stock valued at $576,000 after buying an additional 225 shares in the last quarter. Finally, Stratos Wealth Partners LTD. boosted its position in First Trust Small Cap Growth AlphaDEX Fund by 7.8% in the first quarter. Stratos Wealth Partners LTD. now owns 3,133 shares of the company's stock valued at $216,000 after buying an additional 226 shares in 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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