First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Trading 1.1% Higher – Should You Buy?

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY)’s stock price shot up 1.1% during trading on Monday . The stock traded as high as $100.77 and last traded at $100.59. 8,513 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 25,106 shares. The stock had previously closed at $99.53.

First Trust Mid Cap Growth AlphaDEX Fund Stock Performance

The business’s 50 day moving average price is $103.46 and its 200-day moving average price is $101.28. The firm has a market cap of $568.33 million, a price-to-earnings ratio of 24.50 and a beta of 1.19.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of FNY. Ascentis Independent Advisors bought a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund during the first quarter valued at about $28,000. Western Wealth Management LLC bought a new position in First Trust Mid Cap Growth AlphaDEX Fund in the 1st quarter valued at about $38,000. Central Pacific Bank Trust Division bought a new position in First Trust Mid Cap Growth AlphaDEX Fund in the 2nd quarter valued at about $44,000. MidFirst Bank acquired a new position in First Trust Mid Cap Growth AlphaDEX Fund during the 4th quarter valued at about $52,000. Finally, Integrated Wealth Concepts LLC acquired a new position in First Trust Mid Cap Growth AlphaDEX Fund during the 2nd quarter valued at about $89,000.

First Trust Mid Cap Growth AlphaDEX Fund Company Profile

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.