First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Shares Up 1% - Still a Buy?

Key Points

• FYC shares rose 1% to $116.42, with trading volume reaching 104,940 shares—40% above its average session volume.
• The ETF has a $1.37 billion market capitalization, a P/E ratio of 20.27 and a beta of 1.19; its 200-day moving average is $111.64, below the current price.
• Several institutional investors established new positions in FYC during the first and second quarters, while the fund uses a quantitative strategy targeting small-cap growth stocks.

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC - )'s stock price was up 1% on Wednesday. The stock traded as high as $116.57 and last traded at $116.42. 104,940 shares changed hands during trading, an increase of 40% from the average session volume of 74,929 shares. The stock had previously closed at $115.22.

First Trust Small Cap Growth AlphaDEX Fund Stock Performance

The stock has a fifty day moving average of $116.81 and a 200-day moving average of $111.64. The company has a market cap of $1.37 billion, a PE ratio of 20.27 and a beta of 1.19.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bullseye Investment Management LLC acquired a new stake in First Trust Small Cap Growth AlphaDEX Fund in the 2nd quarter valued at $51,000. M.E. Allison & CO. Inc. purchased a new position in First Trust Small Cap Growth AlphaDEX Fund during the second quarter valued at $222,000. Fulcrum Equity Management purchased a new position in First Trust Small Cap Growth AlphaDEX Fund during the second quarter valued at $249,000. Worth Asset Management LLC purchased a new position in First Trust Small Cap Growth AlphaDEX Fund during the second quarter valued at $316,000. Finally, Arkadios Wealth Advisors purchased a new position in First Trust Small Cap Growth AlphaDEX Fund during the first quarter valued at $253,000.

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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