First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Trading Down 1.8% - Here's Why

Key Points

• FYC fell 1.8% intraday, trading as low as $98.07 and last at $99.23 on volume of 135,476 shares, about 47% above its average session volume.
• Fund snapshot: market cap about $898 million and a PE of 20.27, with the share price slightly below its 50‑day moving average ($100.48) but above its 200‑day average ($94.99) and a beta of 1.18.
• Institutional activity: several advisors initiated or added small positions recently—JPMorgan increased its stake by 80.4% and NewEdge grew its holding substantially—indicating modest institutional interest.

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC - )'s share price fell 1.8% during mid-day trading on Thursday . The stock traded as low as $98.07 and last traded at $99.23. 135,476 shares changed hands during mid-day trading, an increase of 47% from the average session volume of 91,972 shares. The stock had previously closed at $101.05.

First Trust Small Cap Growth AlphaDEX Fund Stock Down 1.8%

The stock has a market cap of $898.03 million, a PE ratio of 20.27 and a beta of 1.18. The stock's fifty day moving average price is $100.48 and its 200 day moving average price is $94.99.

Institutional Investors Weigh In On First Trust Small Cap Growth AlphaDEX Fund

Several institutional investors have recently modified their holdings of FYC. Blair William & Co. IL purchased a new position in First Trust Small Cap Growth AlphaDEX Fund in the 4th quarter worth about $31,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of First Trust Small Cap Growth AlphaDEX Fund during the 2nd quarter valued at about $68,000. JPMorgan Chase & Co. grew its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 80.4% in the third quarter. JPMorgan Chase & Co. now owns 873 shares of the company's stock worth $79,000 after acquiring an additional 389 shares during the period. NewEdge Advisors LLC grew its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 137.7% in the fourth quarter. NewEdge Advisors LLC now owns 915 shares of the company's stock worth $88,000 after acquiring an additional 530 shares during the period. Finally, Hazlett Burt & Watson Inc. purchased a new position in shares of First Trust Small Cap Growth AlphaDEX Fund during the third quarter valued at approximately $91,000.

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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