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

Shares of First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) reached a new 52-week high on Friday . The stock traded as high as $118.10 and last traded at $118.3830, with a volume of 3408 shares. The stock had previously closed at $113.33.

First Trust Small Cap Growth AlphaDEX Fund Stock Up 1.2%

The stock has a market capitalization of $1.11 billion, a P/E ratio of 20.27 and a beta of 1.18. The business has a fifty day moving average price of $110.65 and a 200-day moving average price of $102.91.

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

Several hedge funds and other institutional investors have recently bought and sold shares of FYC. Creative Planning bought a new stake in shares of First Trust Small Cap Growth AlphaDEX Fund in the second quarter worth approximately $202,000. First Trust Advisors LP lifted its position in First Trust Small Cap Growth AlphaDEX Fund by 2.8% during the second quarter. First Trust Advisors LP now owns 254,884 shares of the company’s stock valued at $20,284,000 after purchasing an additional 7,042 shares during the period. Bank of America Corp DE boosted its holdings in First Trust Small Cap Growth AlphaDEX Fund by 92.8% in the second quarter. Bank of America Corp DE now owns 246,143 shares of the company’s stock worth $19,588,000 after purchasing an additional 118,450 shares during the last quarter. Equitable Holdings Inc. boosted its holdings in First Trust Small Cap Growth AlphaDEX Fund by 8.9% in the second quarter. Equitable Holdings Inc. now owns 58,012 shares of the company’s stock worth $4,617,000 after purchasing an additional 4,733 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its position in First Trust Small Cap Growth AlphaDEX Fund by 54.7% in the 2nd quarter. Geneos Wealth Management Inc. now owns 12,956 shares of the company’s stock worth $1,031,000 after purchasing an additional 4,579 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.