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

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC)’s share price reached a new 52-week high on Thursday . The company traded as high as $104.03 and last traded at $104.2150, with a volume of 13031 shares traded. The stock had previously closed at $102.39.

First Trust Small Cap Growth AlphaDEX Fund Trading Up 1.7%

The company has a 50-day moving average of $96.83 and a 200-day moving average of $90.77. The company has a market capitalization of $879.97 million, a price-to-earnings ratio of 20.27 and a beta of 1.18.

Institutional Trading of First Trust Small Cap Growth AlphaDEX Fund

A number of institutional investors have recently bought and sold shares of the stock. Echo Wealth Management LLC purchased a new stake in First Trust Small Cap Growth AlphaDEX Fund during the 4th quarter worth approximately $431,000. New Wave Wealth Advisors LLC lifted its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 1.2% during the fourth quarter. New Wave Wealth Advisors LLC now owns 108,354 shares of the company’s stock worth $10,415,000 after buying an additional 1,269 shares during the period. Sound Income Strategies LLC purchased a new stake in shares of First Trust Small Cap Growth AlphaDEX Fund during the fourth quarter valued at $197,000. Sylvest Advisors LLC increased its position in shares of First Trust Small Cap Growth AlphaDEX Fund by 2.8% in the 4th quarter. Sylvest Advisors LLC now owns 8,405 shares of the company’s stock valued at $808,000 after acquiring an additional 229 shares during the period. Finally, Stratos Wealth Partners LTD. increased its position in shares of First Trust Small Cap Growth AlphaDEX Fund by 51.7% in the 4th quarter. Stratos Wealth Partners LTD. now owns 6,482 shares of the company’s stock valued at $623,000 after acquiring an additional 2,208 shares during the period.

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.