First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Shares Down 1.3% – Time to Sell?

Shares of First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) traded down 1.3% during trading on Thursday . The stock traded as low as $99.14 and last traded at $99.66. 91,936 shares changed hands during mid-day trading, a decline of 2% from the average session volume of 93,653 shares. The stock had previously closed at $101.02.

First Trust Small Cap Growth AlphaDEX Fund Price Performance

The firm has a market capitalization of $901.92 million, a price-to-earnings ratio of 20.27 and a beta of 1.18. The stock has a 50 day moving average price of $99.55 and a two-hundred day moving average price of $92.96.

Institutional Trading of First Trust Small Cap Growth AlphaDEX Fund

Several hedge funds have recently made changes to their positions in FYC. Twin Peaks Wealth Advisors LLC acquired a new position in shares of First Trust Small Cap Growth AlphaDEX Fund in the second quarter valued at approximately $68,000. JPMorgan Chase & Co. boosted its position in First Trust Small Cap Growth AlphaDEX Fund by 80.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 873 shares of the company’s stock valued at $79,000 after buying an additional 389 shares during the period. CoreCap Advisors LLC grew its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 629.6% in the fourth quarter. CoreCap Advisors LLC now owns 985 shares of the company’s stock worth $95,000 after acquiring an additional 850 shares in the last quarter. Hazlett Burt & Watson Inc. acquired a new position in shares of First Trust Small Cap Growth AlphaDEX Fund in the third quarter worth $91,000. Finally, Advisory Services Network LLC purchased a new stake in shares of First Trust Small Cap Growth AlphaDEX Fund during the third quarter worth $100,000.

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.