First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

First Trust Small Cap Growth AlphaDEX Fund (NASDAQ:FYC)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $71.85 and traded as high as $84.62. First Trust Small Cap Growth AlphaDEX Fund shares last traded at $84.57, with a volume of 20,712 shares traded.

First Trust Small Cap Growth AlphaDEX Fund Trading Up 0.2 %

The company’s 50 day moving average price is $77.99 and its two-hundred day moving average price is $71.93. The stock has a market cap of $390.32 million, a P/E ratio of 15.06 and a beta of 1.19.

First Trust Small Cap Growth AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a $0.344 dividend. The ex-dividend date was Thursday, September 26th. This is a boost from First Trust Small Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.07. This represents a $1.38 dividend on an annualized basis and a yield of 1.64%.

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

Hedge funds have recently bought and sold shares of the business. Comerica Bank grew its holdings in shares of First Trust Small Cap Growth AlphaDEX Fund by 28.7% during the first quarter. Comerica Bank now owns 924 shares of the company’s stock valued at $61,000 after buying an additional 206 shares during the last quarter. Cetera Investment Advisers acquired a new position in First Trust Small Cap Growth AlphaDEX Fund in the 1st quarter worth about $2,414,000. Cetera Advisors LLC increased its holdings in First Trust Small Cap Growth AlphaDEX Fund by 32.7% in the 1st quarter. Cetera Advisors LLC now owns 4,542 shares of the company’s stock worth $298,000 after acquiring an additional 1,118 shares in the last quarter. HFG Advisors Inc. lifted its stake in First Trust Small Cap Growth AlphaDEX Fund by 4.0% in the 2nd quarter. HFG Advisors Inc. now owns 20,547 shares of the company’s stock valued at $1,354,000 after buying an additional 792 shares in the last quarter. Finally, Willner & Heller LLC lifted its position in shares of First Trust Small Cap Growth AlphaDEX Fund by 2.3% in the second quarter. Willner & Heller LLC now owns 7,856 shares of the company’s stock valued at $518,000 after acquiring an additional 179 shares in 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.