First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Shares Up 3% – Still a Buy?

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC)’s stock price shot up 3% during mid-day trading on Monday . The company traded as high as $72.90 and last traded at $72.90. 14,179 shares traded hands during mid-day trading, a decline of 55% from the average session volume of 31,389 shares. The stock had previously closed at $70.81.

First Trust Small Cap Growth AlphaDEX Fund Stock Performance

The firm has a 50 day moving average price of $75.92 and a two-hundred day moving average price of $76.91. The company has a market cap of $437.40 million, a P/E ratio of 17.59 and a beta of 1.19.

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

Institutional investors and hedge funds have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC bought a new stake in shares of First Trust Small Cap Growth AlphaDEX Fund during the 4th quarter worth $350,000. Plotkin Financial Advisors LLC purchased a new position in First Trust Small Cap Growth AlphaDEX Fund in the 4th quarter worth approximately $200,000. Richmond Investment Services LLC bought a new stake in First Trust Small Cap Growth AlphaDEX Fund in the fourth quarter valued at approximately $3,562,000. Fiduciary Trust Co purchased a new stake in shares of First Trust Small Cap Growth AlphaDEX Fund during the fourth quarter valued at approximately $203,000. Finally, Dunhill Financial LLC grew its holdings in shares of First Trust Small Cap Growth AlphaDEX Fund by 93.5% in the fourth quarter. Dunhill Financial LLC now owns 13,985 shares of the company’s stock worth $1,083,000 after purchasing an additional 6,759 shares during the last quarter.

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.