First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Shares Down 1.7% – Time to Sell?

Shares of First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) fell 1.7% during trading on Wednesday . The stock traded as low as $119.38 and last traded at $119.58. Approximately 67,023 shares were traded during mid-day trading, a decline of 5% from the average session volume of 70,234 shares. The stock had previously closed at $121.66.

First Trust Small Cap Growth AlphaDEX Fund Stock Performance

The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 20.27 and a beta of 1.16. The company has a fifty day simple moving average of $118.69 and a two-hundred day simple moving average of $108.02.

First Trust Small Cap Growth AlphaDEX Fund Announces Dividend

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

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

Several large investors have recently added to or reduced their stakes in the business. Fulcrum Equity Management purchased a new position in First Trust Small Cap Growth AlphaDEX Fund during the second quarter worth about $249,000. Redhawk Wealth Advisors Inc. purchased a new stake in First Trust Small Cap Growth AlphaDEX Fund in the 2nd quarter valued at about $5,057,000. Wealthcare Advisory Partners LLC purchased a new stake in First Trust Small Cap Growth AlphaDEX Fund in the 2nd quarter valued at about $728,000. World Equity Group Inc. increased its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 6.6% during the 2nd quarter. World Equity Group Inc. now owns 6,368 shares of the company’s stock valued at $811,000 after acquiring an additional 395 shares during the last quarter. Finally, Worth Asset Management LLC acquired a new position in shares of First Trust Small Cap Growth AlphaDEX Fund during the 2nd quarter valued at about $316,000.

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.