First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $77.48 and traded as high as $87.81. First Trust Mid Cap Growth AlphaDEX Fund shares last traded at $87.53, with a volume of 10,124 shares trading hands.

First Trust Mid Cap Growth AlphaDEX Fund Stock Up 0.2 %

The firm has a market capitalization of $389.51 million, a price-to-earnings ratio of 17.61 and a beta of 1.13. The company has a 50-day moving average price of $82.47 and a 200-day moving average price of $77.48.

First Trust Mid Cap Growth AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a $0.3051 dividend. This is a boost from First Trust Mid Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.22 annualized dividend and a dividend yield of 1.39%.

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

A number of hedge funds and other institutional investors have recently modified their holdings of FNY. Arete Wealth Advisors LLC bought a new position in First Trust Mid Cap Growth AlphaDEX Fund in the 3rd quarter valued at about $210,000. Jane Street Group LLC bought a new position in shares of First Trust Mid Cap Growth AlphaDEX Fund in the third quarter valued at approximately $381,000. Stifel Financial Corp increased its stake in shares of First Trust Mid Cap Growth AlphaDEX Fund by 190.5% during the third quarter. Stifel Financial Corp now owns 39,769 shares of the company’s stock valued at $3,167,000 after acquiring an additional 26,079 shares during the period. Benjamin Edwards Inc. bought a new stake in First Trust Mid Cap Growth AlphaDEX Fund during the third quarter worth approximately $5,558,000. Finally, Kingsview Wealth Management LLC lifted its position in First Trust Mid Cap Growth AlphaDEX Fund by 107.2% in the third quarter. Kingsview Wealth Management LLC now owns 90,431 shares of the company’s stock worth $7,202,000 after purchasing an additional 46,785 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.