First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Sets 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 of $93.10 during trading on Monday, closing at $92.43 with a volume of 14,789 shares.
• The fund recently declared a quarterly dividend of $0.0776 per share, offering an annual dividend yield of 0.3%, paid to stockholders of record as of September 25th.
• Several institutional investors increased their holdings in the fund, with notable stakes purchased by Wealth Enhancement Advisory Services and Wedmont Private Capital in recent months.

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC - )'s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $93.10 and last traded at $92.43, with a volume of 14789 shares trading hands. The stock had previously closed at $91.99.

First Trust Small Cap Growth AlphaDEX Fund Price Performance

The stock has a 50 day moving average price of $86.13 and a 200-day moving average price of $77.80. The stock has a market capitalization of $594.44 million, a P/E ratio of 20.27 and a beta of 1.19.

First Trust Small Cap Growth AlphaDEX Fund Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC bought a new stake in shares of First Trust Small Cap Growth AlphaDEX Fund in the fourth quarter worth about $350,000. Wedmont Private Capital bought a new stake in shares of First Trust Small Cap Growth AlphaDEX Fund in the first quarter worth about $493,000. Janney Montgomery Scott LLC grew its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 65.5% in the first quarter. Janney Montgomery Scott LLC now owns 11,650 shares of the company's stock worth $802,000 after purchasing an additional 4,610 shares during the last quarter. HFG Advisors Inc. grew its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 1.9% in the first quarter. HFG Advisors Inc. now owns 20,658 shares of the company's stock worth $1,421,000 after purchasing an additional 380 shares during the last quarter. Finally, World Equity Group Inc. bought a new stake in shares of First Trust Small Cap Growth AlphaDEX Fund in the first quarter worth about $412,000.

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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