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

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) shares saw unusually-strong trading volume on Wednesday . Approximately 101,276 shares changed hands during 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 firm’s 50-day simple moving average is $115.41 and its 200-day simple moving average is $105.27. The company 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 company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a dividend of $0.1297 per share. This represents a $0.52 annualized dividend and a yield of 0.4%. The ex-dividend date was Thursday, June 25th.

Institutional Trading of First Trust Small Cap Growth AlphaDEX Fund

A number of hedge funds have recently modified their holdings of FYC. LPL Financial LLC raised its holdings 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 worth $113,769,000 after buying an additional 356,030 shares in the last quarter. Wells Fargo & Company MN boosted its stake in First Trust Small Cap Growth AlphaDEX Fund by 28.9% in the fourth quarter. Wells Fargo & Company MN now owns 363,672 shares of the company’s stock valued at $34,956,000 after acquiring an additional 81,435 shares during the last quarter. Raymond James Financial Inc. increased its holdings in First Trust Small Cap Growth AlphaDEX Fund by 151.1% in the third quarter. Raymond James Financial Inc. now owns 324,241 shares of the company’s stock valued at $29,413,000 after purchasing an additional 195,127 shares during the last quarter. Cetera Investment Advisers raised its position in shares of First Trust Small Cap Growth AlphaDEX Fund by 13.6% in the 1st quarter. Cetera Investment Advisers now owns 289,684 shares of the company’s stock valued at $28,094,000 after acquiring an additional 34,676 shares during the period. Finally, First Trust Advisors LP grew its holdings in shares of First Trust Small Cap Growth AlphaDEX Fund by 2.8% in the 2nd quarter. First Trust Advisors LP now owns 254,884 shares of the company’s stock valued at $20,284,000 after buying an additional 7,042 shares during the period.

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.