First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Sees Unusually-High Trading Volume - Here's Why

Key Points

• Trading volume surged 70% to 122,398 shares, while FYC rose 0.8% to $117.08. The ETF has a $1.40 billion market capitalization and trades at a P/E ratio of 20.27.
• FYC recently paid a quarterly dividend of $0.1297 per share, equivalent to an annualized dividend of approximately $0.52 and a 0.4% yield.
• Institutional interest increased, with firms including Baird Financial, Bank of America, Cetera Investment Advisers, and Northwestern Mutual expanding their holdings; Redhawk Wealth Advisors also initiated a new position.

Shares of First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC - ) saw an uptick in trading volume on Wednesday . 122,398 shares were traded during trading, an increase of 70% from the previous session's volume of 71,840 shares.The stock last traded at $117.0750 and had previously closed at $116.20.

First Trust Small Cap Growth AlphaDEX Fund Trading Up 0.8%

The firm has a market capitalization of $1.40 billion, a P/E ratio of 20.27 and a beta of 1.17. The company has a 50 day simple moving average of $120.61 and a two-hundred day simple moving average of $113.39.

First Trust Small Cap Growth AlphaDEX Fund Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a $0.1297 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Thursday, June 25th.

Hedge Funds Weigh In On First Trust Small Cap Growth AlphaDEX Fund

Several institutional investors have recently bought and sold shares of FYC. Baird Financial Group Inc. lifted its holdings in shares of First Trust Small Cap Growth AlphaDEX Fund by 70.2% in the 2nd quarter. Baird Financial Group Inc. now owns 124,071 shares of the company's stock valued at $15,799,000 after acquiring an additional 51,154 shares during the last quarter. Bank of America Corp DE increased its stake in First Trust Small Cap Growth AlphaDEX Fund by 21.2% during the first quarter. Bank of America Corp DE now owns 244,266 shares of the company's stock worth $23,689,000 after acquiring an additional 42,752 shares during the last quarter. Redhawk Wealth Advisors Inc. bought a new stake in First Trust Small Cap Growth AlphaDEX Fund during the second quarter worth approximately $5,057,000. Cetera Investment Advisers raised its position in First Trust Small Cap Growth AlphaDEX Fund by 13.6% during the first quarter. Cetera Investment Advisers now owns 289,684 shares of the company's stock valued at $28,094,000 after purchasing an additional 34,676 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its position in First Trust Small Cap Growth AlphaDEX Fund by 123.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 43,329 shares of the company's stock valued at $4,165,000 after purchasing an additional 23,944 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.

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