First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Reaches New 12-Month High – Should You Buy?

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $110.79 and last traded at $110.0540, with a volume of 62599 shares traded. The stock had previously closed at $110.07.

First Trust Small Cap Growth AlphaDEX Fund Stock Performance

The firm has a 50-day moving average price of $100.23 and a 200-day moving average price of $97.82. The stock has a market cap of $1.02 billion, a PE ratio of 20.27 and a beta of 1.14.

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

Several large investors have recently modified their holdings of FYC. Blair William & Co. IL purchased a new position in First Trust Small Cap Growth AlphaDEX Fund in the 4th quarter worth about $31,000. JPMorgan Chase & Co. raised its position in First Trust Small Cap Growth AlphaDEX Fund by 80.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 873 shares of the company’s stock worth $79,000 after buying an additional 389 shares during the last quarter. NewEdge Advisors LLC raised its position in First Trust Small Cap Growth AlphaDEX Fund by 137.7% in the 4th quarter. NewEdge Advisors LLC now owns 915 shares of the company’s stock worth $88,000 after buying an additional 530 shares during the last quarter. Hazlett Burt & Watson Inc. purchased a new position in First Trust Small Cap Growth AlphaDEX Fund in the 3rd quarter worth about $91,000. Finally, CoreCap Advisors LLC raised its position in First Trust Small Cap Growth AlphaDEX Fund by 629.6% in the 4th quarter. CoreCap Advisors LLC now owns 985 shares of the company’s stock worth $95,000 after buying an additional 850 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.