First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Reaches New 52-Week High – Still a Buy?

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $109.82 and last traded at $110.6420, with a volume of 657 shares changing hands. The stock had previously closed at $109.48.

First Trust Mid Cap Growth AlphaDEX Fund Price Performance

The firm has a market cap of $569.77 million, a P/E ratio of 24.50 and a beta of 1.20. The stock has a 50 day moving average of $103.51 and a 200 day moving average of $97.72.

Institutional Trading of First Trust Mid Cap Growth AlphaDEX Fund

A number of hedge funds have recently bought and sold shares of the company. Ascentis Independent Advisors bought a new position in shares of First Trust Mid Cap Growth AlphaDEX Fund during the 1st quarter valued at $28,000. Western Wealth Management LLC purchased a new stake in First Trust Mid Cap Growth AlphaDEX Fund during the first quarter valued at about $38,000. MidFirst Bank purchased a new stake in First Trust Mid Cap Growth AlphaDEX Fund during the fourth quarter valued at about $52,000. Advisory Services Network LLC bought a new position in shares of First Trust Mid Cap Growth AlphaDEX Fund during the third quarter valued at about $192,000. Finally, Ashton Thomas Private Wealth LLC increased its holdings in shares of First Trust Mid Cap Growth AlphaDEX Fund by 4.2% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 2,729 shares of the company’s stock worth $249,000 after buying an additional 109 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.