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

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $98.89 and last traded at $98.3790, with a volume of 11160 shares traded. The stock had previously closed at $97.13.

First Trust Mid Cap Growth AlphaDEX Fund Stock Performance

The business’s 50-day moving average is $92.67 and its 200-day moving average is $89.95. The company has a market capitalization of $506.61 million, a PE ratio of 24.50 and a beta of 1.18.

Institutional Trading of First Trust Mid Cap Growth AlphaDEX Fund

A number of hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC purchased a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund in the 2nd quarter worth approximately $37,000. Founders Financial Alliance LLC purchased a new position in First Trust Mid Cap Growth AlphaDEX Fund during the third quarter valued at $192,000. Advisory Services Network LLC bought a new stake in First Trust Mid Cap Growth AlphaDEX Fund in the third quarter worth $192,000. Koshinski Asset Management Inc. purchased a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund in the second quarter worth $208,000. Finally, Brookwood Investment Group LLC bought a new position in shares of First Trust Mid Cap Growth AlphaDEX Fund during the third quarter valued at $226,000.

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.