First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Sets New 12-Month High – Here’s Why

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC)’s stock price reached a new 52-week high on Monday . The stock traded as high as $121.38 and last traded at $121.64, with a volume of 9511 shares trading hands. The stock had previously closed at $120.42.

First Trust Small Cap Growth AlphaDEX Fund Trading Up 0.1%

The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 20.27 and a beta of 1.18. The stock’s 50-day moving average is $113.00 and its 200-day moving average is $103.96.

Institutional Investors Weigh In On First Trust Small Cap Growth AlphaDEX Fund

Institutional investors have recently made changes to their positions in the stock. Western Wealth Management LLC raised its position in shares of First Trust Small Cap Growth AlphaDEX Fund by 4.7% during the first quarter. Western Wealth Management LLC now owns 11,492 shares of the company’s stock worth $1,114,000 after acquiring an additional 511 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 21.2% in the first quarter. Bank of America Corp DE now owns 244,266 shares of the company’s stock worth $23,689,000 after acquiring an additional 42,752 shares during the period. Arkadios Wealth Advisors bought a new stake in First Trust Small Cap Growth AlphaDEX Fund in the first quarter valued at approximately $253,000. Royal Bank of Canada boosted its holdings in First Trust Small Cap Growth AlphaDEX Fund by 4.4% in the first quarter. Royal Bank of Canada now owns 171,140 shares of the company’s stock valued at $16,597,000 after acquiring an additional 7,183 shares during the last quarter. Finally, Gateway Wealth Partners LLC increased its position in First Trust Small Cap Growth AlphaDEX Fund by 105.3% during the 1st quarter. Gateway Wealth Partners LLC now owns 17,972 shares of the company’s stock valued at $1,743,000 after purchasing an additional 9,218 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.