First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Reaches New 12-Month High – Here’s Why

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $106.02 and last traded at $105.0650, with a volume of 520 shares traded. The stock had previously closed at $102.37.

First Trust Mid Cap Growth AlphaDEX Fund Trading Up 0.5%

The firm has a market capitalization of $543.51 million, a PE ratio of 24.50 and a beta of 1.20. The firm has a 50-day moving average of $97.15 and a two-hundred day moving average of $95.09.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FNY. Pursuit Wealth Management LLC purchased a new position in First Trust Mid Cap Growth AlphaDEX Fund in the 4th quarter worth approximately $1,355,000. Sound Income Strategies LLC purchased a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund during the fourth quarter valued at approximately $290,000. Crux Wealth Advisors acquired a new position in shares of First Trust Mid Cap Growth AlphaDEX Fund during the fourth quarter worth $1,653,000. Sylvest Advisors LLC lifted its position in shares of First Trust Mid Cap Growth AlphaDEX Fund by 6.5% during the fourth quarter. Sylvest Advisors LLC now owns 18,547 shares of the company’s stock worth $1,691,000 after purchasing an additional 1,138 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of First Trust Mid Cap Growth AlphaDEX Fund by 2.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 28,000 shares of the company’s stock valued at $2,691,000 after purchasing an additional 689 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.