First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Shares Down 2.2% – What’s Next?

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC)’s stock price traded down 2.2% on Thursday . The company traded as low as $96.55 and last traded at $96.64. 32,225 shares changed hands during trading, a decline of 63% from the average session volume of 86,488 shares. The stock had previously closed at $98.77.

First Trust Small Cap Growth AlphaDEX Fund Stock Down 2.1%

The stock has a market cap of $856.13 million, a price-to-earnings ratio of 20.27 and a beta of 1.18. The company’s 50-day simple moving average is $99.63 and its 200-day simple moving average is $96.20.

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

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Gateway Wealth Partners LLC increased its stake in First Trust Small Cap Growth AlphaDEX Fund by 1.5% in the 4th quarter. Gateway Wealth Partners LLC now owns 8,754 shares of the company’s stock worth $841,000 after purchasing an additional 127 shares in the last quarter. PFG Advisors increased its position in shares of First Trust Small Cap Growth AlphaDEX Fund by 4.6% in the fourth quarter. PFG Advisors now owns 3,174 shares of the company’s stock worth $305,000 after acquiring an additional 139 shares in the last quarter. Ameritas Investment Partners Inc. raised its holdings in shares of First Trust Small Cap Growth AlphaDEX Fund by 1.4% during the third quarter. Ameritas Investment Partners Inc. now owns 10,390 shares of the company’s stock valued at $943,000 after acquiring an additional 145 shares during the period. Proactive Wealth Strategies LLC lifted its position in shares of First Trust Small Cap Growth AlphaDEX Fund by 1.9% in the 3rd quarter. Proactive Wealth Strategies LLC now owns 9,645 shares of the company’s stock valued at $875,000 after acquiring an additional 181 shares in the last quarter. Finally, CWM LLC boosted its stake in First Trust Small Cap Growth AlphaDEX Fund by 19.9% in the 4th quarter. CWM LLC now owns 1,108 shares of the company’s stock worth $106,000 after purchasing an additional 184 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.