First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Stock Price Down 2.2% – Time to Sell?

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) shares were down 2.2% during mid-day trading on Thursday . The stock traded as low as $96.55 and last traded at $96.64. Approximately 32,225 shares changed hands during trading, a decline of 63% from the average daily volume of 86,488 shares. The stock had previously closed at $98.77.

First Trust Small Cap Growth AlphaDEX Fund Trading Down 2.2%

The stock has a fifty day moving average price of $99.77 and a 200 day moving average price of $96.15. The firm has a market cap of $874.59 million, a price-to-earnings ratio of 20.27 and a beta of 1.18.

Hedge Funds Weigh In On First Trust Small Cap Growth AlphaDEX Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC raised its position in shares of First Trust Small Cap Growth AlphaDEX Fund by 137.7% in the fourth quarter. NewEdge Advisors LLC now owns 915 shares of the company’s stock valued at $88,000 after purchasing an additional 530 shares during the period. IHT Wealth Management LLC bought a new stake in shares of First Trust Small Cap Growth AlphaDEX Fund during the 4th quarter worth $211,000. Cetera Investment Advisers grew its stake in First Trust Small Cap Growth AlphaDEX Fund by 13.6% in the 4th quarter. Cetera Investment Advisers now owns 255,008 shares of the company’s stock valued at $24,511,000 after buying an additional 30,536 shares during the last quarter. Osaic Holdings Inc. raised its holdings in First Trust Small Cap Growth AlphaDEX Fund by 26.0% in the 4th quarter. Osaic Holdings Inc. now owns 93,138 shares of the company’s stock worth $8,953,000 after acquiring an additional 19,190 shares during the period. Finally, Advisory Services Network LLC raised its holdings in First Trust Small Cap Growth AlphaDEX Fund by 91.1% in the 4th quarter. Advisory Services Network LLC now owns 2,098 shares of the company’s stock worth $202,000 after acquiring an additional 1,000 shares during the period.

First Trust Small Cap Growth AlphaDEX Fund Company Profile

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.