First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Sets New 12-Month High – What’s Next?

Shares of First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) hit a new 52-week high during trading on Thursday . The stock traded as high as $114.63 and last traded at $114.55, with a volume of 58512 shares traded. The stock had previously closed at $113.61.

First Trust Small Cap Growth AlphaDEX Fund Trading Up 1.5%

The stock’s 50-day moving average price is $102.29 and its two-hundred day moving average price is $99.11. The stock has a market capitalization of $1.07 billion, a P/E ratio of 20.27 and a beta of 1.19.

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

Several large investors have recently modified their holdings of the business. LPL Financial LLC increased its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 43.0% in the fourth quarter. LPL Financial LLC now owns 1,183,630 shares of the company’s stock worth $113,769,000 after purchasing an additional 356,030 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 28.9% in the fourth quarter. Wells Fargo & Company MN now owns 363,672 shares of the company’s stock worth $34,956,000 after purchasing an additional 81,435 shares in the last quarter. Raymond James Financial Inc. increased its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 151.1% in the third quarter. Raymond James Financial Inc. now owns 324,241 shares of the company’s stock worth $29,413,000 after purchasing an additional 195,127 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 13.6% in the fourth quarter. Cetera Investment Advisers now owns 255,008 shares of the company’s stock worth $24,511,000 after purchasing an additional 30,536 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 2.8% in the second quarter. First Trust Advisors LP now owns 254,884 shares of the company’s stock worth $20,284,000 after purchasing an additional 7,042 shares in 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.