First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Trading Up 1.5% – Time to Buy?

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY)’s stock price traded up 1.5% on Monday . The company traded as high as $94.49 and last traded at $94.29. 45,955 shares were traded during trading, an increase of 59% from the average session volume of 28,978 shares. The stock had previously closed at $92.89.

First Trust Mid Cap Growth AlphaDEX Fund Stock Up 1.5%

The company has a market cap of $476.16 million, a P/E ratio of 24.50 and a beta of 1.18. The firm’s 50-day moving average price is $91.61 and its 200-day moving average price is $88.79.

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

Several institutional investors have recently made changes to their positions in FNY. Osaic Holdings Inc. increased its position in shares of First Trust Mid Cap Growth AlphaDEX Fund by 3.6% during the second quarter. Osaic Holdings Inc. now owns 43,384 shares of the company’s stock valued at $3,578,000 after buying an additional 1,509 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of First Trust Mid Cap Growth AlphaDEX Fund by 13.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 36,712 shares of the company’s stock valued at $3,027,000 after acquiring an additional 4,282 shares during the period. Richmond Investment Services LLC purchased a new position in First Trust Mid Cap Growth AlphaDEX Fund during the second quarter valued at approximately $235,000. Global Retirement Partners LLC bought a new stake in First Trust Mid Cap Growth AlphaDEX Fund during the 2nd quarter worth approximately $1,779,000. Finally, Cetera Investment Advisers increased its holdings in First Trust Mid Cap Growth AlphaDEX Fund by 8.3% during the 2nd quarter. Cetera Investment Advisers now owns 62,506 shares of the company’s stock worth $5,153,000 after acquiring an additional 4,796 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.