First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Sees Large Volume Increase – Still a Buy?

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) saw unusually-high trading volume on Wednesday . Approximately 122,398 shares changed hands 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 Price Performance

The company has a market capitalization of $1.40 billion, a P/E ratio of 20.27 and a beta of 1.17. The business has a 50-day moving average of $120.61 and a 200-day moving average of $113.39.

First Trust Small Cap Growth AlphaDEX Fund Dividend Announcement

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

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

A number of large investors have recently made changes to their positions in FYC. Bullseye Investment Management LLC purchased a new stake in First Trust Small Cap Growth AlphaDEX Fund in the 2nd quarter worth about $51,000. IFP Advisors Inc lifted its stake in First Trust Small Cap Growth AlphaDEX Fund by 4.6% in the second quarter. IFP Advisors Inc now owns 90,820 shares of the company’s stock worth $11,565,000 after purchasing an additional 3,974 shares during the last quarter. Baird Financial Group Inc. boosted its position in shares of First Trust Small Cap Growth AlphaDEX Fund by 70.2% during the second quarter. Baird Financial Group Inc. now owns 124,071 shares of the company’s stock valued at $15,799,000 after buying an additional 51,154 shares during the period. Citadel Advisors LLC grew its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 117.5% during the second quarter. Citadel Advisors LLC now owns 27,644 shares of the company’s stock valued at $3,520,000 after buying an additional 14,933 shares during the last quarter. Finally, XML Financial LLC grew its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 22.9% during the second quarter. XML Financial LLC now owns 2,950 shares of the company’s stock valued at $376,000 after buying an additional 550 shares during 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.