First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Shares Cross Above 50-Day Moving Average – Should You Sell?

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY)’s share price crossed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $99.17 and traded as high as $99.86. First Trust Mid Cap Growth AlphaDEX Fund shares last traded at $99.51, with a volume of 13,533 shares traded.

First Trust Mid Cap Growth AlphaDEX Fund Stock Performance

The stock has a market cap of $557.26 million, a P/E ratio of 24.41 and a beta of 1.21. The firm’s fifty day simple moving average is $99.17 and its 200-day simple moving average is $100.15.

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

A number of hedge funds have recently bought and sold shares of the company. Sanctuary Advisors LLC raised its stake in First Trust Mid Cap Growth AlphaDEX Fund by 3.7% during the first quarter. Sanctuary Advisors LLC now owns 5,562 shares of the company’s stock worth $503,000 after buying an additional 201 shares during the last quarter. Ascentis Independent Advisors bought a new stake in First Trust Mid Cap Growth AlphaDEX Fund during the first quarter valued at $28,000. PCG Wealth Advisors LLC boosted its position in First Trust Mid Cap Growth AlphaDEX Fund by 3.8% during the second quarter. PCG Wealth Advisors LLC now owns 9,408 shares of the company’s stock valued at $1,043,000 after acquiring an additional 345 shares during the last quarter. IFP Advisors Inc boosted its position in First Trust Mid Cap Growth AlphaDEX Fund by 4.3% during the second quarter. IFP Advisors Inc now owns 9,164 shares of the company’s stock valued at $1,016,000 after acquiring an additional 374 shares during the last quarter. Finally, Pine Valley Investments Ltd Liability Co grew its holdings in First Trust Mid Cap Growth AlphaDEX Fund by 7.4% during the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 5,766 shares of the company’s stock worth $522,000 after acquiring an additional 396 shares during the period.

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.