First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Shares Climb 1% – Still a Buy?

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) shares were up 1% on Wednesday. The company traded as high as $116.57 and last traded at $116.42. 104,940 shares traded hands during trading, an increase of 40% from the average daily volume of 74,929 shares. The stock had previously closed at $115.22.

First Trust Small Cap Growth AlphaDEX Fund Trading Up 1.0%

The firm’s fifty day simple moving average is $116.81 and its two-hundred day simple moving average is $111.64. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 20.27 and a beta of 1.19.

Institutional Trading of First Trust Small Cap Growth AlphaDEX Fund

Several institutional investors have recently modified their holdings of the stock. Bullseye Investment Management LLC acquired a new position in First Trust Small Cap Growth AlphaDEX Fund during the second quarter worth approximately $51,000. M.E. Allison & CO. Inc. purchased a new stake in First Trust Small Cap Growth AlphaDEX Fund in the second quarter valued at approximately $222,000. Fulcrum Equity Management purchased a new stake in First Trust Small Cap Growth AlphaDEX Fund in the second quarter valued at approximately $249,000. Worth Asset Management LLC purchased a new stake in First Trust Small Cap Growth AlphaDEX Fund in the second quarter valued at approximately $316,000. Finally, Arkadios Wealth Advisors acquired a new stake in shares of First Trust Small Cap Growth AlphaDEX Fund in the first quarter valued at approximately $253,000.

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.