First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Trading 2.7% Higher – Still a Buy?

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY)’s stock price rose 2.7% during trading on Tuesday . The company traded as high as $105.09 and last traded at $105.09. Approximately 20,571 shares traded hands during mid-day trading, a decline of 26% from the average daily volume of 27,973 shares. The stock had previously closed at $102.37.

First Trust Mid Cap Growth AlphaDEX Fund Stock Performance

The firm has a market cap of $541.21 million, a P/E ratio of 24.50 and a beta of 1.20. The business’s 50-day simple moving average is $97.15 and its 200 day simple moving average is $95.09.

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

A number of large investors have recently added to or reduced their stakes in the stock. Ashton Thomas Private Wealth LLC grew its position in First Trust Mid Cap Growth AlphaDEX Fund by 4.2% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 2,729 shares of the company’s stock worth $249,000 after purchasing an additional 109 shares during the period. Cornerstone Wealth Management LLC grew its position in First Trust Mid Cap Growth AlphaDEX Fund by 2.2% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 5,808 shares of the company’s stock worth $532,000 after purchasing an additional 127 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in First Trust Mid Cap Growth AlphaDEX Fund by 0.7% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 27,311 shares of the company’s stock worth $2,522,000 after purchasing an additional 178 shares during the period. Sanctuary Advisors LLC boosted its stake in shares of First Trust Mid Cap Growth AlphaDEX Fund by 3.7% during the 1st quarter. Sanctuary Advisors LLC now owns 5,562 shares of the company’s stock worth $503,000 after acquiring an additional 201 shares during the last quarter. Finally, Truist Financial Corp boosted its stake in shares of First Trust Mid Cap Growth AlphaDEX Fund by 7.5% during the 3rd quarter. Truist Financial Corp now owns 3,022 shares of the company’s stock worth $277,000 after acquiring an additional 211 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.