First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Trading 1.9% Higher – Still a Buy?

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) shares shot up 1.9% on Monday . The company traded as high as $92.22 and last traded at $90.85. 7,042 shares were traded during trading, a decline of 73% from the average session volume of 26,115 shares. The stock had previously closed at $89.16.

First Trust Mid Cap Growth AlphaDEX Fund Stock Up 1.9%

The company’s 50 day moving average price is $95.59 and its 200-day moving average price is $93.19. The stock has a market cap of $472.42 million, a P/E ratio of 24.50 and a beta of 1.18.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FNY. LPL Financial LLC lifted its holdings in First Trust Mid Cap Growth AlphaDEX Fund by 11.7% during the 4th quarter. LPL Financial LLC now owns 726,753 shares of the company’s stock worth $66,276,000 after buying an additional 76,380 shares during the period. Wells Fargo & Company MN increased its stake in shares of First Trust Mid Cap Growth AlphaDEX Fund by 3.9% in the fourth quarter. Wells Fargo & Company MN now owns 584,020 shares of the company’s stock valued at $53,259,000 after buying an additional 22,042 shares during the period. NewEdge Advisors LLC raised its position in shares of First Trust Mid Cap Growth AlphaDEX Fund by 7.7% during the fourth quarter. NewEdge Advisors LLC now owns 279,644 shares of the company’s stock worth $25,502,000 after acquiring an additional 19,928 shares during the last quarter. &PARTNERS raised its position in shares of First Trust Mid Cap Growth AlphaDEX Fund by 1.8% during the fourth quarter. &PARTNERS now owns 155,868 shares of the company’s stock worth $14,215,000 after acquiring an additional 2,805 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its stake in shares of First Trust Mid Cap Growth AlphaDEX Fund by 1.6% in the third quarter. Raymond James Financial Inc. now owns 97,282 shares of the company’s stock worth $8,913,000 after acquiring an additional 1,576 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.