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

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYCGet Free Report) shares hit a new 52-week high during trading on Monday . The stock traded as high as $121.38 and last traded at $121.64, with a volume of 9511 shares. The stock had previously closed at $120.42.

First Trust Small Cap Growth AlphaDEX Fund Price Performance

The business has a 50-day moving average of $113.71 and a 200 day moving average of $104.33. The company has a market cap of $1.13 billion, a PE ratio of 20.27 and a beta of 1.18.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. Western Wealth Management LLC lifted its stake in First Trust Small Cap Growth AlphaDEX Fund by 4.7% in the 1st quarter. Western Wealth Management LLC now owns 11,492 shares of the company’s stock worth $1,114,000 after purchasing an additional 511 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of First Trust Small Cap Growth AlphaDEX Fund by 21.2% in the first quarter. Bank of America Corp DE now owns 244,266 shares of the company’s stock worth $23,689,000 after purchasing an additional 42,752 shares during the last quarter. Arkadios Wealth Advisors bought a new stake in shares of First Trust Small Cap Growth AlphaDEX Fund in the first quarter worth about $253,000. Royal Bank of Canada increased its holdings in shares of First Trust Small Cap Growth AlphaDEX Fund by 4.4% in the first quarter. Royal Bank of Canada now owns 171,140 shares of the company’s stock worth $16,597,000 after purchasing an additional 7,183 shares during the last quarter. Finally, Gateway Wealth Partners LLC lifted its position in shares of First Trust Small Cap Growth AlphaDEX Fund by 105.3% in the first quarter. Gateway Wealth Partners LLC now owns 17,972 shares of the company’s stock worth $1,743,000 after buying an additional 9,218 shares in the last quarter.

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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