First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Stock Price Down 1.8% – Should You Sell?

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC)’s stock price dropped 1.8% during trading on Thursday . The company traded as low as $98.07 and last traded at $99.23. Approximately 135,476 shares changed hands during mid-day trading, an increase of 47% from the average daily volume of 91,972 shares. The stock had previously closed at $101.05.

First Trust Small Cap Growth AlphaDEX Fund Trading Down 1.8%

The business’s 50 day simple moving average is $100.48 and its two-hundred day simple moving average is $94.99. The firm has a market capitalization of $898.03 million, a PE ratio of 20.27 and a beta of 1.18.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Atria Investments Inc lifted its holdings in shares of First Trust Small Cap Growth AlphaDEX Fund by 208.0% in the 2nd quarter. Atria Investments Inc now owns 17,133 shares of the company’s stock worth $1,363,000 after acquiring an additional 11,571 shares during the last quarter. HFG Advisors Inc. grew its holdings in First Trust Small Cap Growth AlphaDEX Fund by 6.2% during the 2nd quarter. HFG Advisors Inc. now owns 21,947 shares of the company’s stock valued at $1,747,000 after purchasing an additional 1,289 shares during the last quarter. Summit Investment Advisors Inc. purchased a new stake in First Trust Small Cap Growth AlphaDEX Fund in the 1st quarter worth about $621,000. Creative Planning bought a new stake in First Trust Small Cap Growth AlphaDEX Fund in the second quarter worth about $202,000. Finally, Cetera Investment Advisers lifted its stake in First Trust Small Cap Growth AlphaDEX Fund by 23.5% in the second quarter. Cetera Investment Advisers now owns 191,383 shares of the company’s stock worth $15,230,000 after purchasing an additional 36,449 shares during 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.