First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Sees Strong Trading Volume – Should You Buy?

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) saw unusually-high trading volume on Friday . Approximately 269,096 shares were traded during mid-day trading, an increase of 283% from the previous session’s volume of 70,203 shares.The stock last traded at $118.8290 and had previously closed at $119.33.

First Trust Small Cap Growth AlphaDEX Fund Trading Down 0.3%

The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 20.27 and a beta of 1.16. The firm has a 50-day moving average of $119.46 and a 200 day moving average of $108.81.

First Trust Small Cap Growth AlphaDEX Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a dividend of $0.1297 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Thursday, June 25th.

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

A number of institutional investors have recently modified their holdings of the stock. Fulcrum Equity Management bought a new stake in First Trust Small Cap Growth AlphaDEX Fund during the second quarter valued at $249,000. Redhawk Wealth Advisors Inc. bought a new position in First Trust Small Cap Growth AlphaDEX Fund in the 2nd quarter worth approximately $5,057,000. Wealthcare Advisory Partners LLC acquired a new position in First Trust Small Cap Growth AlphaDEX Fund during the 2nd quarter valued at about $728,000. World Equity Group Inc. raised its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 6.6% in the 2nd quarter. World Equity Group Inc. now owns 6,368 shares of the company’s stock worth $811,000 after buying an additional 395 shares in the last quarter. Finally, Worth Asset Management LLC acquired a new stake in First Trust Small Cap Growth AlphaDEX Fund during the second quarter valued at approximately $316,000.

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.