First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Trading Up 0.9%

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) was up 0.9% during trading on Thursday . The company traded as high as $74.36 and last traded at $74.32. Approximately 7,276 shares were traded during mid-day trading, a decline of 56% from the average daily volume of 16,673 shares. The stock had previously closed at $73.65.

First Trust Mid Cap Growth AlphaDEX Fund Price Performance

The stock has a market capitalization of $338.16 million, a PE ratio of 17.61 and a beta of 1.13. The company’s 50 day moving average price is $73.09 and its two-hundred day moving average price is $67.76.

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

A number of institutional investors have recently added to or reduced their stakes in FNY. Janney Montgomery Scott LLC boosted its position in shares of First Trust Mid Cap Growth AlphaDEX Fund by 1.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 10,811 shares of the company’s stock valued at $817,000 after acquiring an additional 150 shares during the last quarter. Pine Valley Investments Ltd Liability Co increased its holdings in shares of First Trust Mid Cap Growth AlphaDEX Fund by 9.3% during the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 3,839 shares of the company’s stock worth $262,000 after buying an additional 328 shares during the last quarter. Private Advisor Group LLC raised its position in shares of First Trust Mid Cap Growth AlphaDEX Fund by 0.8% during the 4th quarter. Private Advisor Group LLC now owns 45,629 shares of the company’s stock valued at $3,108,000 after buying an additional 351 shares during the period. First Horizon Advisors Inc. acquired a new position in First Trust Mid Cap Growth AlphaDEX Fund in the third quarter valued at approximately $33,000. Finally, NBC Securities Inc. purchased a new position in First Trust Mid Cap Growth AlphaDEX Fund in the third quarter worth approximately $36,000.

About First Trust Mid Cap Growth AlphaDEX Fund

The First Trust Mid Cap Growth AlphaDEX Fund (FNY) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Mid Cap Growth index. The fund tracks a tiered equal-weighted index of mid-cap growth stocks selected by AlphaDex selection methodology from the S&P 400 Index. FNY was launched on Apr 18, 2011 and is managed by First Trust.