First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Shares Cross Above 50-Day Moving Average – Should You Sell?

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) passed 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 trading hands.

First Trust Mid Cap Growth AlphaDEX Fund Trading Up 1.2%

The company’s 50-day simple moving average is $99.17 and its 200-day simple moving average is $100.15. The stock has a market capitalization of $557.26 million, a price-to-earnings ratio of 24.41 and a beta of 1.21.

Institutional Trading of First Trust Mid Cap Growth AlphaDEX Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Wealthcare Advisory Partners LLC acquired a new position in First Trust Mid Cap Growth AlphaDEX Fund during the 2nd quarter worth about $496,000. Keybank National Association OH bought a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund in the 3rd quarter valued at about $388,000. Proactive Wealth Strategies LLC increased its stake in shares of First Trust Mid Cap Growth AlphaDEX Fund by 62.4% in the third quarter. Proactive Wealth Strategies LLC now owns 11,780 shares of the company’s stock valued at $1,164,000 after buying an additional 4,528 shares during the period. Kestra Advisory Services LLC increased its stake in shares of First Trust Mid Cap Growth AlphaDEX Fund by 7.3% in the third quarter. Kestra Advisory Services LLC now owns 41,350 shares of the company’s stock valued at $4,087,000 after buying an additional 2,829 shares during the period. Finally, Founders Financial Securities LLC acquired a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund in the third quarter valued at about $639,000.

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.