First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Sets New 52-Week High – Still a Buy?

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYCGet Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $121.38 and last traded at $121.64, with a volume of 9511 shares traded. The stock had previously closed at $120.42.

First Trust Small Cap Growth AlphaDEX Fund Price Performance

The company’s 50-day moving average price is $113.00 and its two-hundred day moving average price is $103.96. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 20.27 and a beta of 1.18.

Institutional Trading of First Trust Small Cap Growth AlphaDEX Fund

A number of institutional investors have recently bought and sold shares of FYC. Creative Planning bought a new position in shares of First Trust Small Cap Growth AlphaDEX Fund in the 2nd quarter worth about $202,000. First Trust Advisors LP boosted its position 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 valued at $20,284,000 after purchasing an additional 7,042 shares in the last quarter. Bank of America Corp DE grew its stake in First Trust Small Cap Growth AlphaDEX Fund by 92.8% during the second quarter. Bank of America Corp DE now owns 246,143 shares of the company’s stock worth $19,588,000 after purchasing an additional 118,450 shares during the period. Equitable Holdings Inc. grew its stake in First Trust Small Cap Growth AlphaDEX Fund by 8.9% during the second quarter. Equitable Holdings Inc. now owns 58,012 shares of the company’s stock worth $4,617,000 after purchasing an additional 4,733 shares during the period. Finally, Geneos Wealth Management Inc. grew its stake in First Trust Small Cap Growth AlphaDEX Fund by 54.7% during the second quarter. Geneos Wealth Management Inc. now owns 12,956 shares of the company’s stock worth $1,031,000 after purchasing an additional 4,579 shares during the period.

About First Trust Small Cap Growth AlphaDEX Fund

(Get Free Report)

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.

Further Reading

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