First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Sets New 1-Year High – Here’s What Happened

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) shares hit a new 52-week high during trading on Monday . The company traded as high as $108.67 and last traded at $108.6060, with a volume of 471 shares. The stock had previously closed at $107.94.

First Trust Mid Cap Growth AlphaDEX Fund Price Performance

The firm has a fifty day moving average of $102.62 and a 200 day moving average of $97.27. The stock has a market capitalization of $551.20 million, a price-to-earnings ratio of 24.50 and a beta of 1.20.

Institutional Investors Weigh In On First Trust Mid Cap Growth AlphaDEX Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cetera Investment Advisers lifted its stake in shares of First Trust Mid Cap Growth AlphaDEX Fund by 91.0% in the 1st quarter. Cetera Investment Advisers now owns 177,035 shares of the company’s stock valued at $16,019,000 after purchasing an additional 84,347 shares during the period. LPL Financial LLC grew its position in First Trust Mid Cap Growth AlphaDEX Fund by 11.7% during the fourth quarter. LPL Financial LLC now owns 726,753 shares of the company’s stock valued at $66,276,000 after buying an additional 76,380 shares during the period. NewEdge Advisors LLC grew its position in First Trust Mid Cap Growth AlphaDEX Fund by 31.8% during the third quarter. NewEdge Advisors LLC now owns 259,716 shares of the company’s stock valued at $23,794,000 after buying an additional 62,725 shares during the period. IHT Wealth Management LLC increased its holdings in First Trust Mid Cap Growth AlphaDEX Fund by 1,876.0% in the fourth quarter. IHT Wealth Management LLC now owns 55,783 shares of the company’s stock valued at $5,087,000 after buying an additional 52,960 shares in the last quarter. Finally, Susquehanna International Group LLP purchased a new position in First Trust Mid Cap Growth AlphaDEX Fund in the third quarter valued at $3,337,000.

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.