First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Reaches New 52-Week High – Here’s What Happened

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $116.06 and last traded at $115.87, with a volume of 1663 shares changing hands. The stock had previously closed at $113.63.

First Trust Small Cap Growth AlphaDEX Fund Trading Up 1.6%

The company has a 50 day moving average price of $105.57 and a 200-day moving average price of $100.66. The company has a market cap of $1.09 billion, a P/E ratio of 20.27 and a beta of 1.19.

Hedge Funds Weigh In On First Trust Small Cap Growth AlphaDEX Fund

Several hedge funds and other institutional investors have recently modified their holdings of FYC. LPL Financial LLC increased its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 43.0% in the 4th quarter. LPL Financial LLC now owns 1,183,630 shares of the company’s stock valued at $113,769,000 after purchasing an additional 356,030 shares during the last quarter. Raymond James Financial Inc. grew its position in First Trust Small Cap Growth AlphaDEX Fund by 151.1% during the 3rd quarter. Raymond James Financial Inc. now owns 324,241 shares of the company’s stock worth $29,413,000 after acquiring an additional 195,127 shares during the last quarter. Bank of America Corp DE grew its position in First Trust Small Cap Growth AlphaDEX Fund by 92.8% during the 2nd quarter. Bank of America Corp DE now owns 246,143 shares of the company’s stock worth $19,588,000 after acquiring an additional 118,450 shares during the last quarter. Envestnet Asset Management Inc. grew its position in First Trust Small Cap Growth AlphaDEX Fund by 137.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 146,356 shares of the company’s stock worth $13,276,000 after acquiring an additional 84,844 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in First Trust Small Cap Growth AlphaDEX Fund by 28.9% during the 4th quarter. Wells Fargo & Company MN now owns 363,672 shares of the company’s stock worth $34,956,000 after acquiring an additional 81,435 shares during the last quarter.

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.