First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Sees Large Volume Increase – Here’s Why

Shares of First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) saw strong trading volume on Wednesday . 101,276 shares changed hands during mid-day trading, an increase of 44% from the previous session’s volume of 70,548 shares.The stock last traded at $127.26 and had previously closed at $127.34.

First Trust Small Cap Growth AlphaDEX Fund Stock Performance

The company has a 50-day moving average of $115.41 and a 200-day moving average of $105.27. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 20.27 and a beta of 1.18.

First Trust Small Cap Growth AlphaDEX Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a dividend of $0.1297 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.52 annualized dividend and a dividend yield of 0.4%.

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 stock. Brookwood Investment Group LLC bought a new position in shares of First Trust Small Cap Growth AlphaDEX Fund during the fourth quarter worth about $941,000. Echo Wealth Management LLC bought a new stake in First Trust Small Cap Growth AlphaDEX Fund in the 4th quarter valued at approximately $431,000. New Wave Wealth Advisors LLC lifted its stake in First Trust Small Cap Growth AlphaDEX Fund by 1.2% in the 4th quarter. New Wave Wealth Advisors LLC now owns 108,354 shares of the company’s stock valued at $10,415,000 after acquiring an additional 1,269 shares in the last quarter. Sound Income Strategies LLC bought a new stake in First Trust Small Cap Growth AlphaDEX Fund in the 4th quarter valued at approximately $197,000. Finally, Sylvest Advisors LLC boosted its position in First Trust Small Cap Growth AlphaDEX Fund by 2.8% during the 4th quarter. Sylvest Advisors LLC now owns 8,405 shares of the company’s stock worth $808,000 after acquiring an additional 229 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.