First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Trading 1.1% Higher – Here’s Why

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) traded up 1.1% during trading on Monday . The stock traded as high as $100.77 and last traded at $100.59. Approximately 8,513 shares were traded during trading, a decline of 66% from the average daily volume of 25,106 shares. The stock had previously closed at $99.53.

First Trust Mid Cap Growth AlphaDEX Fund Trading Down 1.4%

The company has a market capitalization of $562.63 million, a price-to-earnings ratio of 24.50 and a beta of 1.19. The business’s 50 day moving average price is $103.39 and its two-hundred day moving average price is $101.31.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Ascentis Independent Advisors acquired a new position in First Trust Mid Cap Growth AlphaDEX Fund in the 1st quarter valued at approximately $28,000. Central Pacific Bank Trust Division acquired a new position in shares of First Trust Mid Cap Growth AlphaDEX Fund during the second quarter worth $44,000. Western Wealth Management LLC acquired a new position in shares of First Trust Mid Cap Growth AlphaDEX Fund during the first quarter worth $38,000. MidFirst Bank bought a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund in the fourth quarter worth $52,000. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund in the second quarter worth $89,000.

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.