First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Reaches New 12-Month High – Here’s Why

Shares of First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) hit a new 52-week high during trading on Wednesday . The company traded as high as $106.02 and last traded at $105.0650, with a volume of 520 shares. The stock had previously closed at $102.37.

First Trust Mid Cap Growth AlphaDEX Fund Stock Up 0.5%

The company has a market capitalization of $543.51 million, a price-to-earnings ratio of 24.50 and a beta of 1.20. The firm has a 50 day moving average price of $97.15 and a two-hundred day moving average price of $95.09.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Ascentis Independent Advisors purchased a new position in shares of First Trust Mid Cap Growth AlphaDEX Fund during the 1st quarter valued at approximately $28,000. Western Wealth Management LLC bought a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund during the 1st quarter valued at about $38,000. MidFirst Bank bought a new position in shares of First Trust Mid Cap Growth AlphaDEX Fund during the fourth quarter valued at approximately $52,000. Founders Financial Alliance LLC acquired a new stake in First Trust Mid Cap Growth AlphaDEX Fund in the third quarter worth $192,000. Finally, Advisory Services Network LLC acquired a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund in the 3rd quarter worth about $192,000.

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.