First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Shares Down 0.8% - What's Next?

Key Points

• The First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) saw a 0.8% decline in its share price, trading at approximately $85.58 after reaching a low of $85.57 during the session.
• Investment firms are increasing their stakes in FYC, with Bank of America Corp DE boosting its position by 92.8% and now holding over 246,000 shares worth nearly $19.6 million.
• The fund, launched in 2011, is designed to track a small-cap growth index through a quantitative selection process to outperform the market.

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC - Get Free Report)'s share price dropped 0.8% during mid-day trading on Monday . The company traded as low as $85.57 and last traded at $85.58. Approximately 23,757 shares traded hands during trading, a decline of 38% from the average daily volume of 38,527 shares. The stock had previously closed at $86.31.

First Trust Small Cap Growth AlphaDEX Fund Stock Performance

The stock has a market capitalization of $495.16 million, a P/E ratio of 20.27 and a beta of 1.19. The business has a fifty day simple moving average of $81.44 and a 200-day simple moving average of $75.01.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. acquired a new stake in First Trust Small Cap Growth AlphaDEX Fund in the fourth quarter valued at approximately $31,000. Montag A & Associates Inc. acquired a new stake in First Trust Small Cap Growth AlphaDEX Fund in the 1st quarter valued at $34,000. Capital Analysts LLC bought a new stake in First Trust Small Cap Growth AlphaDEX Fund during the 1st quarter valued at $41,000. Twin Peaks Wealth Advisors LLC bought a new stake in First Trust Small Cap Growth AlphaDEX Fund during the 2nd quarter valued at $68,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in First Trust Small Cap Growth AlphaDEX Fund by 102.6% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 873 shares of the company's stock worth $60,000 after buying an additional 442 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.