First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Stock Falls 1.4% - Here's What Happened

Key Points

• FYC shares fell 1.4% to $114.26 during Wednesday trading, with volume down 36% from the average session.
• The ETF has a $1.35 billion market capitalization, a 20.27 price-to-earnings ratio, and a beta of 1.19; its 50-day moving average is $119.42 versus a 200-day average of $115.43.
• Several institutional investors increased their holdings, including Cetera Investment Advisers, Bank of America, Envestnet Asset Management, Royal Bank of Canada, and Richmond Investment Services.

Shares of First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC - ) dropped 1.4% during trading on Wednesday. The company traded as low as $114.12 and last traded at $114.26. 46,695 shares traded hands during trading, a decline of 36% from the average session volume of 73,292 shares. The stock had previously closed at $115.93.

First Trust Small Cap Growth AlphaDEX Fund Stock Performance

The business's 50 day moving average price is $119.42 and its two-hundred day moving average price is $115.43. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 20.27 and a beta of 1.19.

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

A number of institutional investors have recently added to or reduced their stakes in FYC. Cetera Investment Advisers raised its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 13.6% in the 1st quarter. Cetera Investment Advisers now owns 289,684 shares of the company's stock worth $28,094,000 after buying an additional 34,676 shares in the last quarter. Bank of America Corp DE grew its holdings 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 period. Envestnet Asset Management Inc. grew its holdings in First Trust Small Cap Growth AlphaDEX Fund by 4.1% during the second quarter. Envestnet Asset Management Inc. now owns 193,051 shares of the company's stock worth $24,583,000 after acquiring an additional 7,626 shares during the period. Royal Bank of Canada raised its position in First Trust Small Cap Growth AlphaDEX Fund by 4.4% in the first quarter. Royal Bank of Canada now owns 171,140 shares of the company's stock worth $16,597,000 after acquiring an additional 7,183 shares in the last quarter. Finally, Richmond Investment Services LLC raised its position in First Trust Small Cap Growth AlphaDEX Fund by 2.7% in the first quarter. Richmond Investment Services LLC now owns 146,944 shares of the company's stock worth $14,252,000 after acquiring an additional 3,859 shares in the last quarter.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.