First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Sets New 52-Week High – Here’s Why

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) shares hit a new 52-week high on Thursday . The company traded as high as $104.03 and last traded at $104.2150, with a volume of 13031 shares changing hands. The stock had previously closed at $102.39.

First Trust Small Cap Growth AlphaDEX Fund Stock Down 1.8%

The stock has a market cap of $861.22 million, a price-to-earnings ratio of 20.27 and a beta of 1.18. The business has a 50-day moving average of $97.30 and a 200-day moving average of $91.01.

Hedge Funds 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. Raymond James Financial Inc. increased its position in First Trust Small Cap Growth AlphaDEX Fund by 151.1% during the third quarter. Raymond James Financial Inc. now owns 324,241 shares of the company’s stock worth $29,413,000 after buying an additional 195,127 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of First Trust Small Cap Growth AlphaDEX Fund by 2.8% during the 2nd quarter. First Trust Advisors LP now owns 254,884 shares of the company’s stock worth $20,284,000 after acquiring an additional 7,042 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of First Trust Small Cap Growth AlphaDEX Fund by 92.8% during the 2nd quarter. Bank of America Corp DE now owns 246,143 shares of the company’s stock worth $19,588,000 after acquiring an additional 118,450 shares during the last quarter. Cetera Investment Advisers raised its stake in First Trust Small Cap Growth AlphaDEX Fund by 23.5% in the 2nd quarter. Cetera Investment Advisers now owns 191,383 shares of the company’s stock valued at $15,230,000 after acquiring an additional 36,449 shares during the period. Finally, Eclectic Associates Inc. ADV lifted its holdings in First Trust Small Cap Growth AlphaDEX Fund by 4.4% during the 3rd quarter. Eclectic Associates Inc. ADV now owns 150,002 shares of the company’s stock valued at $13,607,000 after purchasing an additional 6,315 shares during the last quarter.

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.