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

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $112.52 and last traded at $112.2550, with a volume of 74863 shares changing hands. The stock had previously closed at $111.34.

First Trust Small Cap Growth AlphaDEX Fund Stock Up 0.8%

The company has a 50 day moving average price of $101.50 and a 200-day moving average price of $98.61. The company has a market cap of $1.05 billion, a price-to-earnings ratio of 20.27 and a beta of 1.14.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Kestra Advisory Services LLC increased its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 13.7% in the first quarter. Kestra Advisory Services LLC now owns 20,131 shares of the company’s stock valued at $1,952,000 after buying an additional 2,422 shares during the period. Richmond Investment Services LLC increased its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 2.7% in the first quarter. Richmond Investment Services LLC now owns 146,944 shares of the company’s stock valued at $14,252,000 after buying an additional 3,859 shares during the period. Warner Group LLC increased its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 62.9% in the first quarter. Warner Group LLC now owns 19,069 shares of the company’s stock valued at $1,849,000 after buying an additional 7,363 shares during the period. Stephens Inc. AR increased its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 18.1% in the first quarter. Stephens Inc. AR now owns 3,946 shares of the company’s stock valued at $383,000 after buying an additional 605 shares during the period. Finally, Private Advisor Group LLC increased its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 4.5% in the first quarter. Private Advisor Group LLC now owns 27,078 shares of the company’s stock valued at $2,626,000 after buying an additional 1,155 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.