First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Sees Unusually-High Trading Volume – Should You Buy?

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) shares saw an uptick in trading volume on Friday . 69,135 shares changed hands during trading, an increase of 151% from the previous session’s volume of 27,493 shares.The stock last traded at $103.2590 and had previously closed at $105.36.

First Trust Mid Cap Growth AlphaDEX Fund Stock Down 3.7%

The firm has a market capitalization of $522.67 million, a price-to-earnings ratio of 24.50 and a beta of 1.20. The firm’s 50 day moving average is $99.09 and its 200 day moving average is $95.81.

Institutional Investors Weigh In On First Trust Mid Cap Growth AlphaDEX Fund

A number of large investors have recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC boosted its holdings in First Trust Mid Cap Growth AlphaDEX Fund by 4.2% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 2,729 shares of the company’s stock valued at $249,000 after purchasing an additional 109 shares during the period. Sanctuary Advisors LLC boosted its holdings in First Trust Mid Cap Growth AlphaDEX Fund by 3.7% in the 1st quarter. Sanctuary Advisors LLC now owns 5,562 shares of the company’s stock valued at $503,000 after purchasing an additional 201 shares during the period. Truist Financial Corp boosted its holdings in First Trust Mid Cap Growth AlphaDEX Fund by 7.5% in the 3rd quarter. Truist Financial Corp now owns 3,022 shares of the company’s stock valued at $277,000 after purchasing an additional 211 shares during the period. Stonebridge Financial Planning Group LLC raised its stake in shares of First Trust Mid Cap Growth AlphaDEX Fund by 2.9% in the 4th quarter. Stonebridge Financial Planning Group LLC now owns 7,566 shares of the company’s stock valued at $690,000 after buying an additional 214 shares in the last quarter. Finally, Sigma Planning Corp raised its stake in shares of First Trust Mid Cap Growth AlphaDEX Fund by 3.7% in the 4th quarter. Sigma Planning Corp now owns 6,441 shares of the company’s stock valued at $587,000 after buying an additional 228 shares in the last quarter.

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.