First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Hits New 52-Week High – Time to Buy?

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $102.48 and last traded at $102.17, with a volume of 3214 shares trading hands. The stock had previously closed at $100.16.

First Trust Mid Cap Growth AlphaDEX Fund Stock Performance

The firm has a market capitalization of $528.42 million, a price-to-earnings ratio of 24.50 and a beta of 1.20. The business’s 50-day moving average is $94.84 and its two-hundred day moving average is $94.03.

Institutional Trading of First Trust Mid Cap Growth AlphaDEX Fund

A number of hedge funds have recently modified their holdings of FNY. Ascentis Independent Advisors acquired a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund in the 1st quarter valued at approximately $28,000. MidFirst Bank acquired a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund in the 4th quarter valued at approximately $52,000. Founders Financial Alliance LLC acquired a new stake in First Trust Mid Cap Growth AlphaDEX Fund during the 3rd quarter worth approximately $192,000. Advisory Services Network LLC acquired a new stake in First Trust Mid Cap Growth AlphaDEX Fund during the 3rd quarter worth approximately $192,000. Finally, Brookwood Investment Group LLC acquired a new stake in First Trust Mid Cap Growth AlphaDEX Fund during the 3rd quarter worth approximately $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.