First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Stock Price Down 2.2% - Time to Sell?

Key Points

• The stock fell 2.2% on Thursday to $96.64 (intraday low $96.55) on light volume of 32,225 shares, about a 63% decline from its average daily volume.
• FYC is an exchange-traded fund that tracks the NASDAQ AlphaDEX Small Cap Growth index, a quant-driven small-cap growth strategy managed by First Trust (launched April 2011).
• The fund has a market cap of about $874.6M, a P/E of 20.27 and a 50-day/200-day moving average of $99.77/$96.15, and has seen modest institutional buying recently (e.g., JPMorgan raised its stake ~80% and NewEdge ~138%).

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC - ) fell 2.2% during trading on Thursday . The stock traded as low as $96.55 and last traded at $96.64. 32,225 shares traded hands during mid-day trading, a decline of 63% from the average session volume of 86,488 shares. The stock had previously closed at $98.77.

First Trust Small Cap Growth AlphaDEX Fund Price Performance

The stock has a market cap of $874.59 million, a price-to-earnings ratio of 20.27 and a beta of 1.18. The business has a fifty day moving average of $99.77 and a 200 day moving average of $96.15.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Blair William & Co. IL acquired a new stake in shares of First Trust Small Cap Growth AlphaDEX Fund in the 4th quarter valued at $31,000. Twin Peaks Wealth Advisors LLC acquired a new position in First Trust Small Cap Growth AlphaDEX Fund during the second quarter worth $68,000. JPMorgan Chase & Co. increased its position in First Trust Small Cap Growth AlphaDEX Fund by 80.4% during the third quarter. JPMorgan Chase & Co. now owns 873 shares of the company's stock worth $79,000 after buying an additional 389 shares during the last quarter. NewEdge Advisors LLC raised its holdings in First Trust Small Cap Growth AlphaDEX Fund by 137.7% during the fourth quarter. NewEdge Advisors LLC now owns 915 shares of the company's stock valued at $88,000 after buying an additional 530 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. bought a new position in First Trust Small Cap Growth AlphaDEX Fund during the third quarter valued at about $91,000.

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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