First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Sets New 12-Month High – Should You Buy?

Shares of First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $109.82 and last traded at $110.6420, with a volume of 657 shares. The stock had previously closed at $109.48.

First Trust Mid Cap Growth AlphaDEX Fund Trading Down 1.7%

The stock has a market capitalization of $599.17 million, a price-to-earnings ratio of 24.50 and a beta of 1.18. The firm has a 50-day moving average of $103.89 and a 200 day moving average of $97.94.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Wealth Management Partners LLC lifted its holdings in First Trust Mid Cap Growth AlphaDEX Fund by 1.2% in the first quarter. Wealth Management Partners LLC now owns 36,401 shares of the company’s stock worth $3,294,000 after purchasing an additional 435 shares during the period. Founders Financial Securities LLC grew its position in First Trust Mid Cap Growth AlphaDEX Fund by 8.4% in the 1st quarter. Founders Financial Securities LLC now owns 6,913 shares of the company’s stock valued at $663,000 after buying an additional 534 shares in the last quarter. Worthington Financial Partners LLC acquired a new position in First Trust Mid Cap Growth AlphaDEX Fund during the 4th quarter valued at about $1,493,000. Northwestern Mutual Wealth Management Co. increased its stake in First Trust Mid Cap Growth AlphaDEX Fund by 9.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 42,282 shares of the company’s stock valued at $3,856,000 after buying an additional 3,786 shares during the period. Finally, Empirical Asset Management LLC increased its stake in First Trust Mid Cap Growth AlphaDEX Fund by 64.6% during the 4th quarter. Empirical Asset Management LLC now owns 18,995 shares of the company’s stock valued at $1,732,000 after buying an additional 7,454 shares during the period.

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.