First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Shares Down 1.3% – Should You Sell?

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) traded down 1.3% during trading on Thursday . The company traded as low as $99.14 and last traded at $99.66. 91,936 shares traded hands during mid-day trading, a decline of 2% from the average session volume of 93,653 shares. The stock had previously closed at $101.02.

First Trust Small Cap Growth AlphaDEX Fund Price Performance

The firm has a market cap of $911.79 million, a P/E ratio of 20.27 and a beta of 1.18. The company’s 50-day moving average is $99.64 and its two-hundred day moving average is $93.10.

Institutional Inflows and Outflows

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

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.