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

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $106.23 and last traded at $106.26, with a volume of 1918 shares traded. The stock had previously closed at $104.97.

First Trust Mid Cap Growth AlphaDEX Fund Price Performance

The company’s 50-day simple moving average is $100.69 and its 200-day simple moving average is $96.44. The stock has a market capitalization of $545.39 million, a P/E ratio of 24.50 and a beta of 1.20.

Institutional Trading of First Trust Mid Cap Growth AlphaDEX Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in FNY. Pine Valley Investments Ltd Liability Co increased its holdings in shares of First Trust Mid Cap Growth AlphaDEX Fund by 7.4% in the first quarter. Pine Valley Investments Ltd Liability Co now owns 5,766 shares of the company’s stock valued at $522,000 after purchasing an additional 396 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in shares of First Trust Mid Cap Growth AlphaDEX Fund by 3.3% during the first quarter. NewEdge Advisors LLC now owns 288,746 shares of the company’s stock worth $26,128,000 after acquiring an additional 9,102 shares during the period. Western Wealth Management LLC acquired a new position in shares of First Trust Mid Cap Growth AlphaDEX Fund in the first quarter valued at approximately $38,000. Royal Bank of Canada grew its position in shares of First Trust Mid Cap Growth AlphaDEX Fund by 0.8% in the first quarter. Royal Bank of Canada now owns 50,784 shares of the company’s stock valued at $4,596,000 after purchasing an additional 413 shares during the last quarter. Finally, Gateway Wealth Partners LLC grew its position in shares of First Trust Mid Cap Growth AlphaDEX Fund by 107.0% in the first quarter. Gateway Wealth Partners LLC now owns 6,852 shares of the company’s stock valued at $620,000 after purchasing an additional 3,542 shares during the last quarter.

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.