First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Shares Down 0.6% – Time to Sell?

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNYGet Free Report) shares fell 0.6% during mid-day trading on Tuesday . The company traded as low as $102.12 and last traded at $102.8990. Approximately 5,063 shares were traded during mid-day trading, a decline of 82% from the average session volume of 28,159 shares. The stock had previously closed at $103.52.

First Trust Mid Cap Growth AlphaDEX Fund Trading Down 0.6%

The firm’s 50-day moving average is $105.18 and its 200-day moving average is $99.48. The firm has a market cap of $581.38 million, a price-to-earnings ratio of 24.50 and a beta of 1.18.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Wealthcare Advisory Partners LLC bought a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund during the second quarter worth about $496,000. Central Pacific Bank Trust Division bought a new position in First Trust Mid Cap Growth AlphaDEX Fund in the 2nd quarter valued at about $44,000. Pine Valley Investments Ltd Liability Co lifted its position in First Trust Mid Cap Growth AlphaDEX Fund by 7.4% in the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 5,766 shares of the company’s stock valued at $522,000 after acquiring an additional 396 shares in the last quarter. NewEdge Advisors LLC boosted its stake in First Trust Mid Cap Growth AlphaDEX Fund by 3.3% during the 1st quarter. NewEdge Advisors LLC now owns 288,746 shares of the company’s stock valued at $26,128,000 after purchasing an additional 9,102 shares during the last quarter. Finally, Western Wealth Management LLC acquired a new position in First Trust Mid Cap Growth AlphaDEX Fund during the 1st quarter valued at about $38,000.

First Trust Mid Cap Growth AlphaDEX Fund Company Profile

(Get Free Report)

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.

Further Reading

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