First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Sets New 52-Week High – Here’s What Happened

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $124.06 and last traded at $124.1650, with a volume of 50076 shares trading hands. The stock had previously closed at $124.06.

First Trust Small Cap Growth AlphaDEX Fund Stock Up 0.1%

The firm has a market capitalization of $1.16 billion, a P/E ratio of 20.27 and a beta of 1.18. The company’s 50 day moving average is $114.70 and its 200-day moving average is $104.87.

First Trust Small Cap Growth AlphaDEX Fund Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. LPL Financial LLC boosted its stake 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 during the last quarter. Raymond James Financial Inc. lifted its holdings in First Trust Small Cap Growth AlphaDEX Fund by 151.1% during the third quarter. Raymond James Financial Inc. now owns 324,241 shares of the company’s stock worth $29,413,000 after acquiring an additional 195,127 shares during the period. Bank of America Corp DE boosted its position 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. Wells Fargo & Company MN boosted its position 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 worth $34,956,000 after purchasing an additional 81,435 shares during the last quarter. Finally, Integrated Wealth Concepts LLC bought a new position in First Trust Small Cap Growth AlphaDEX Fund in the 3rd quarter valued at $4,331,000.

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.