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

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) shares hit a new 52-week high on Friday . The company 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 Trading Up 1.2%

The company’s fifty day moving average is $110.65 and its 200 day moving average is $102.91. The company has a market cap of $1.11 billion, a P/E ratio of 20.27 and a beta of 1.18.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FYC. Sylvest Advisors LLC lifted its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 1.2% in the 1st quarter. Sylvest Advisors LLC now owns 8,510 shares of the company’s stock valued at $825,000 after acquiring an additional 105 shares during the last quarter. Gateway Wealth Partners LLC grew its position in First Trust Small Cap Growth AlphaDEX Fund by 1.5% during the 4th quarter. Gateway Wealth Partners LLC now owns 8,754 shares of the company’s stock worth $841,000 after acquiring an additional 127 shares during the last quarter. PFG Advisors grew its position in 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 acquiring an additional 139 shares during the last quarter. Ameritas Investment Partners Inc. increased its stake in First Trust Small Cap Growth AlphaDEX Fund by 1.4% in the 3rd quarter. Ameritas Investment Partners Inc. now owns 10,390 shares of the company’s stock worth $943,000 after purchasing an additional 145 shares during the period. Finally, CWM LLC lifted its position in First Trust Small Cap Growth AlphaDEX Fund by 19.9% in the fourth quarter. CWM LLC now owns 1,108 shares of the company’s stock valued at $106,000 after purchasing an additional 184 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.