First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY)’s share price crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $100.15 and traded as high as $100.92. First Trust Mid Cap Growth AlphaDEX Fund shares last traded at $100.50, with a volume of 14,713 shares.

First Trust Mid Cap Growth AlphaDEX Fund Stock Performance

The company has a 50-day moving average of $100.26 and a 200-day moving average of $100.15. The firm has a market capitalization of $562.80 million, a price-to-earnings ratio of 24.50 and a beta of 1.20.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Ascentis Independent Advisors acquired a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund in the first quarter valued at approximately $28,000. Central Pacific Bank Trust Division acquired a new position in shares of First Trust Mid Cap Growth AlphaDEX Fund during the 2nd quarter worth approximately $44,000. Western Wealth Management LLC acquired a new position in shares of First Trust Mid Cap Growth AlphaDEX Fund during the 1st quarter worth approximately $38,000. Integrated Wealth Concepts LLC acquired a new position in shares of First Trust Mid Cap Growth AlphaDEX Fund during the 2nd quarter worth approximately $89,000. Finally, Oppenheimer & Co. Inc. bought a new stake in First Trust Mid Cap Growth AlphaDEX Fund in the 3rd quarter valued at $257,000.

About First Trust Mid Cap Growth AlphaDEX Fund

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.