First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Sees Unusually-High Trading Volume – Here’s Why

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) shares saw unusually-strong trading volume on Wednesday . Approximately 101,276 shares traded hands during mid-day trading, an increase of 44% from the previous session’s volume of 70,548 shares.The stock last traded at $127.26 and had previously closed at $127.34.

First Trust Small Cap Growth AlphaDEX Fund Trading Down 1.7%

The company has a 50 day simple moving average of $115.97 and a 200 day simple moving average of $105.63. The stock has a market capitalization of $1.27 billion, a PE ratio of 20.27 and a beta of 1.16.

First Trust Small Cap Growth AlphaDEX Fund Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a $0.1297 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.4%.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. LPL Financial LLC raised its holdings in First Trust Small Cap Growth AlphaDEX Fund by 43.0% during the fourth quarter. LPL Financial LLC now owns 1,183,630 shares of the company’s stock worth $113,769,000 after purchasing an additional 356,030 shares in the last quarter. Raymond James Financial Inc. increased its position in First Trust Small Cap Growth AlphaDEX Fund by 151.1% during the 3rd quarter. Raymond James Financial Inc. now owns 324,241 shares of the company’s stock worth $29,413,000 after purchasing an additional 195,127 shares during the period. Bank of America Corp DE raised its stake in shares of First Trust Small Cap Growth AlphaDEX Fund by 92.8% during the 2nd quarter. Bank of America Corp DE now owns 246,143 shares of the company’s stock worth $19,588,000 after buying an additional 118,450 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of First Trust Small Cap Growth AlphaDEX Fund by 28.9% in the 4th quarter. Wells Fargo & Company MN now owns 363,672 shares of the company’s stock valued at $34,956,000 after buying an additional 81,435 shares during the period. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of First Trust Small Cap Growth AlphaDEX Fund in the 3rd quarter valued at approximately $4,331,000.

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.