First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Trading Down 1% - Time to Sell?

Key Points

• First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) shares decreased by 1%, trading as low as $91.32, with a notable decline in trading volume of 51% from the average.
• The fund recently declared a quarterly dividend of $0.0776 per share, with an annualized yield of 0.3%, which was paid out to shareholders of record on September 25th.
• Institutional investors are actively adjusting their holdings, with significant increases from firms like Janney Montgomery Scott LLC, which boosted its stake by 65.5% during the first quarter.

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC - ) shares were down 1% during trading on Tuesday . The stock traded as low as $91.32 and last traded at $91.61. Approximately 19,268 shares were traded during trading, a decline of 51% from the average daily volume of 39,251 shares. The stock had previously closed at $92.52.

First Trust Small Cap Growth AlphaDEX Fund Stock Down 1.0%

The company has a market cap of $600.05 million, a price-to-earnings ratio of 20.27 and a beta of 1.19. The firm has a 50-day simple moving average of $86.59 and a 200 day simple moving average of $78.05.

First Trust Small Cap Growth AlphaDEX Fund Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Golden State Wealth Management LLC purchased a new stake in First Trust Small Cap Growth AlphaDEX Fund during the first quarter worth $369,000. Concurrent Investment Advisors LLC boosted its position in shares of First Trust Small Cap Growth AlphaDEX Fund by 17.2% in the first quarter. Concurrent Investment Advisors LLC now owns 100,194 shares of the company's stock worth $6,893,000 after buying an additional 14,731 shares during the period. Janney Montgomery Scott LLC boosted its position 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 buying an additional 4,610 shares during the period. G&S Capital LLC boosted its position in shares of First Trust Small Cap Growth AlphaDEX Fund by 2.1% in the first quarter. G&S Capital LLC now owns 14,292 shares of the company's stock worth $983,000 after buying an additional 288 shares during the period. Finally, Vista Investment Partners II LLC purchased a new position in First Trust Small Cap Growth AlphaDEX Fund in the first quarter valued at about $516,000.

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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