First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Trading Down 1.8% – Here’s What Happened

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) shares dropped 1.8% during mid-day trading on Thursday . The stock traded as low as $98.07 and last traded at $99.23. Approximately 135,476 shares were traded during trading, an increase of 47% from the average daily volume of 91,972 shares. The stock had previously closed at $101.05.

First Trust Small Cap Growth AlphaDEX Fund Price Performance

The stock has a 50-day moving average of $100.46 and a 200 day moving average of $95.08. The stock has a market capitalization of $880.29 million, a price-to-earnings ratio of 20.27 and a beta of 1.18.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FYC. LPL Financial LLC boosted its holdings in shares of First Trust Small Cap Growth AlphaDEX Fund by 43.0% in the 4th quarter. LPL Financial LLC now owns 1,183,630 shares of the company’s stock valued at $113,769,000 after purchasing an additional 356,030 shares in the last quarter. Wells Fargo & Company MN lifted its holdings 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 acquiring an additional 81,435 shares during the last quarter. Raymond James Financial Inc. boosted its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 151.1% in the 3rd quarter. Raymond James Financial Inc. now owns 324,241 shares of the company’s stock valued at $29,413,000 after purchasing an additional 195,127 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 13.6% in the 4th quarter. Cetera Investment Advisers now owns 255,008 shares of the company’s stock valued at $24,511,000 after purchasing an additional 30,536 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings 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 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.