First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Stock Price Crosses Above Fifty Day Moving Average – What’s Next?

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY)’s stock price crossed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $99.17 and traded as high as $99.86. First Trust Mid Cap Growth AlphaDEX Fund shares last traded at $99.51, with a volume of 13,533 shares traded.

First Trust Mid Cap Growth AlphaDEX Fund Stock Performance

The stock’s fifty day simple moving average is $98.99 and its two-hundred day simple moving average is $100.16. The stock has a market capitalization of $545.89 million, a P/E ratio of 24.41 and a beta of 1.21.

Institutional Trading of First Trust Mid Cap Growth AlphaDEX Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Central Pacific Bank Trust Division acquired a new position in First Trust Mid Cap Growth AlphaDEX Fund during the 2nd quarter worth about $44,000. Western Wealth Management LLC bought a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund in the 1st quarter valued at about $38,000. Integrated Wealth Concepts LLC bought a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund in the 2nd quarter valued at about $89,000. Oppenheimer & Co. Inc. bought a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund in the 3rd quarter valued at about $257,000. Finally, D.A. Davidson & CO. bought a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund in the 3rd quarter valued at about $381,000.

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.