First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Trading 0.9% Higher

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) rose 0.9% on Thursday . The stock traded as high as $74.36 and last traded at $74.32. Approximately 7,276 shares traded hands during trading, a decline of 56% from the average daily volume of 16,673 shares. The stock had previously closed at $73.65.

First Trust Mid Cap Growth AlphaDEX Fund Stock Performance

The firm’s 50 day simple moving average is $73.09 and its 200-day simple moving average is $67.76. The company has a market capitalization of $338.16 million, a price-to-earnings ratio of 17.61 and a beta of 1.13.

Hedge Funds Weigh In On First Trust Mid Cap Growth AlphaDEX Fund

Several institutional investors and hedge funds have recently bought and sold shares of FNY. Venture Visionary Partners LLC acquired a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund during the fourth quarter worth approximately $204,000. RiverTree Advisors LLC acquired a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund during the 4th quarter valued at $1,065,000. Raymond James Financial Services Advisors Inc. grew its holdings in shares of First Trust Mid Cap Growth AlphaDEX Fund by 18.5% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 84,504 shares of the company’s stock valued at $5,756,000 after acquiring an additional 13,165 shares in the last quarter. Global Retirement Partners LLC increased its stake in shares of First Trust Mid Cap Growth AlphaDEX Fund by 687.3% in the fourth quarter. Global Retirement Partners LLC now owns 8,298 shares of the company’s stock worth $548,000 after acquiring an additional 7,244 shares during the last quarter. Finally, Clarus Wealth Advisors purchased a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund during the fourth quarter worth $690,000.

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.