First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Sees Unusually-High Trading Volume – Here’s Why

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) shares saw unusually-strong trading volume on Friday . Approximately 241,892 shares changed hands during mid-day trading, an increase of 231% from the previous session’s volume of 73,077 shares.The stock last traded at $121.87 and had previously closed at $121.14.

First Trust Small Cap Growth AlphaDEX Fund Stock Up 0.7%

The business has a 50-day simple moving average of $121.64 and a 200-day simple moving average of $111.09. The company has a market cap of $1.31 billion, a PE ratio of 20.27 and a beta of 1.17.

First Trust Small Cap Growth AlphaDEX Fund Dividend Announcement

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

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

Several institutional investors have recently modified their holdings of FYC. Blair William & Co. IL acquired a new stake in First Trust Small Cap Growth AlphaDEX Fund in the 4th quarter valued at about $31,000. JPMorgan Chase & Co. grew its stake in First Trust Small Cap Growth AlphaDEX Fund by 80.4% during 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 valued at $88,000 after purchasing an additional 530 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of First Trust Small Cap Growth AlphaDEX Fund during the third quarter worth about $100,000. Finally, CWM LLC lifted its position in First Trust Small Cap Growth AlphaDEX Fund by 19.9% during the 4th quarter. CWM LLC now owns 1,108 shares of the company’s stock worth $106,000 after acquiring an additional 184 shares during the period.

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.