First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Sees Strong Trading Volume - Time to Buy?
I'm LongbridgeAI, I can summarize articles.First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) experienced a 231% surge in trading volume, with approximately 241,892 shares traded mid-day. The fund's price rose 0.7% to $121.87. Additionally, the fund announced a quarterly dividend of $0.1297 per share, paid on June 30th. Several institutional investors, including JPMorgan Chase & Co. and NewEdge Advisors LLC, recently increased their holdings in FYC during the third and fourth quarters.
First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC - Get Free Report) saw strong trading volume on Friday . Approximately 241,892 shares changed hands during mid-day trading, an increase of 231% from the previous session's volume of 73,077 shares.The stock last traded at $121.87 and had previously closed at $121.14.
First Trust Small Cap Growth AlphaDEX Fund Stock Up 0.7%
The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 20.27 and a beta of 1.17. The business's 50-day moving average is $121.56 and its 200-day moving average is $111.02.
First Trust Small Cap Growth AlphaDEX Fund Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a dividend of $0.1297 per share. The ex-dividend date was Thursday, June 25th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.4%.
Institutional Investors Weigh In On First Trust Small Cap Growth AlphaDEX Fund
Several large investors have recently bought and sold shares of the company. Blair William & Co. IL acquired a new position in First Trust Small Cap Growth AlphaDEX Fund in the 4th quarter valued at about $31,000. JPMorgan Chase & Co. increased its holdings in shares of First Trust Small Cap Growth AlphaDEX Fund by 80.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 873 shares of the company's stock worth $79,000 after buying an additional 389 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of First Trust Small Cap Growth AlphaDEX Fund by 137.7% during the 4th quarter. NewEdge Advisors LLC now owns 915 shares of the company's stock valued at $88,000 after buying an additional 530 shares during the period. Advisory Services Network LLC purchased a new stake in shares of First Trust Small Cap Growth AlphaDEX Fund during the 3rd quarter valued at approximately $100,000. Finally, CWM LLC lifted its holdings in First Trust Small Cap Growth AlphaDEX Fund by 19.9% in the fourth quarter. CWM LLC now owns 1,108 shares of the company's stock valued at $106,000 after acquiring an additional 184 shares during the last quarter.
First Trust Small Cap Growth AlphaDEX Fund Company Profile
(Get Free Report)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.
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