First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Stock Price Up 0.3% - Still a Buy?

Key Points

• The First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) saw a 0.3% increase in stock price, reaching $81.19 during trading on Friday, despite a decline in trading volume.
• The fund has a market capitalization of $466.84 million, with a P/E ratio of 20.27 and a beta of 1.19.
• Several institutional investors have recently increased their holdings in FYC, with Northwestern Mutual Wealth Management Co. boosting its stake by 102.6%.

Shares of First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC - Get Free Report) were up 0.3% on Friday . The company traded as high as $81.28 and last traded at $81.19. Approximately 26,523 shares changed hands during mid-day trading, a decline of 34% from the average daily volume of 40,339 shares. The stock had previously closed at $80.98.

First Trust Small Cap Growth AlphaDEX Fund Stock Performance

The stock's 50-day moving average is $77.69 and its 200 day moving average is $74.32. The firm has a market cap of $457.45 million, a P/E ratio of 20.27 and a beta of 1.19.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. bought a new position in First Trust Small Cap Growth AlphaDEX Fund in the 4th quarter worth approximately $31,000. Concourse Financial Group Securities Inc. bought a new position in First Trust Small Cap Growth AlphaDEX Fund in the fourth quarter worth about $32,000. Montag A & Associates Inc. purchased a new stake in First Trust Small Cap Growth AlphaDEX Fund in the first quarter worth about $34,000. Capital Analysts LLC purchased a new stake in First Trust Small Cap Growth AlphaDEX Fund in the first quarter worth approximately $41,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in First Trust Small Cap Growth AlphaDEX Fund by 102.6% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 873 shares of the company's stock worth $60,000 after acquiring an additional 442 shares during the period.

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.