First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Sees Large Volume Increase – What’s Next?

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC – Get Free Report) shares saw strong trading volume on Friday . Approximately 269,096 shares changed hands during mid-day trading, an increase of 283% from the previous session’s volume of 70,203 shares.The stock last traded at $118.8290 and had previously closed at $119.33.

First Trust Small Cap Growth AlphaDEX Fund Stock Down 0.6%

The company has a market cap of $1.28 billion, a PE ratio of 20.27 and a beta of 1.16. The business’s 50 day moving average price is $119.54 and its 200-day moving average price is $108.88.

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First Trust Small Cap Growth AlphaDEX Fund Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a dividend of $0.1297 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Thursday, June 25th.

Institutional Investors Weigh In On First Trust Small Cap Growth AlphaDEX Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Blair William & Co. IL acquired a new stake in shares of First Trust Small Cap Growth AlphaDEX Fund during the fourth quarter valued at about $31,000. JPMorgan Chase & Co. increased its position in shares of First Trust Small Cap Growth AlphaDEX Fund by 80.4% during the third quarter. JPMorgan Chase & Co. now owns 873 shares of the company’s stock worth $79,000 after acquiring an additional 389 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 137.7% in the fourth quarter. NewEdge Advisors LLC now owns 915 shares of the company’s stock worth $88,000 after acquiring an additional 530 shares in the last quarter. CoreCap Advisors LLC lifted its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 629.6% in the fourth quarter. CoreCap Advisors LLC now owns 985 shares of the company’s stock worth $95,000 after acquiring an additional 850 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new position in First Trust Small Cap Growth AlphaDEX Fund in the third quarter valued at about $100,000.

About First Trust Small Cap Growth AlphaDEX Fund

(Get Free Report)

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.

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