First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Trading 3% Higher – Time to Buy?

Shares of First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) were up 3% during mid-day trading on Monday . The stock traded as high as $72.90 and last traded at $72.90. Approximately 14,179 shares traded hands during trading, a decline of 55% from the average daily volume of 31,389 shares. The stock had previously closed at $70.81.

First Trust Small Cap Growth AlphaDEX Fund Stock Performance

The company has a market cap of $427.74 million, a P/E ratio of 17.59 and a beta of 1.19. The stock has a 50 day moving average price of $75.84 and a 200 day moving average price of $76.94.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. bought a new position in shares of First Trust Small Cap Growth AlphaDEX Fund during the 4th quarter valued at about $31,000. Concourse Financial Group Securities Inc. acquired a new stake in First Trust Small Cap Growth AlphaDEX Fund during the fourth quarter valued at approximately $32,000. Private Trust Co. NA boosted its holdings in First Trust Small Cap Growth AlphaDEX Fund by 213.9% during the third quarter. Private Trust Co. NA now owns 2,062 shares of the company’s stock worth $153,000 after buying an additional 1,405 shares in the last quarter. Tower Research Capital LLC TRC grew its position in First Trust Small Cap Growth AlphaDEX Fund by 3,367.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,566 shares of the company’s stock worth $199,000 after buying an additional 2,492 shares during the last quarter. Finally, Great Valley Advisor Group Inc. acquired a new position in First Trust Small Cap Growth AlphaDEX Fund in the third quarter worth approximately $200,000.

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.