First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Stock Price Down 0.7%

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) fell 0.7% on Tuesday . The company traded as low as $72.59 and last traded at $72.59. 9,641 shares changed hands during trading, a decline of 39% from the average session volume of 15,751 shares. The stock had previously closed at $73.10.

First Trust Mid Cap Growth AlphaDEX Fund Stock Performance

The stock has a 50-day moving average of $73.34 and a two-hundred day moving average of $71.49. The company has a market cap of $326.66 million, a P/E ratio of 17.61 and a beta of 1.13.

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

A number of hedge funds and other institutional investors have recently modified their holdings of FNY. Monterey Private Wealth Inc. purchased a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund in the 1st quarter worth about $219,000. Venture Visionary Partners LLC purchased a new position in First Trust Mid Cap Growth AlphaDEX Fund in the fourth quarter worth about $204,000. Avantax Advisory Services Inc. bought a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund during the 4th quarter valued at about $230,000. Pine Valley Investments Ltd Liability Co lifted its stake in shares of First Trust Mid Cap Growth AlphaDEX Fund by 9.3% in the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 3,839 shares of the company’s stock worth $262,000 after purchasing an additional 328 shares during the period. Finally, Jaffetilchin Investment Partners LLC purchased a new position in shares of First Trust Mid Cap Growth AlphaDEX Fund in the first quarter worth approximately $348,000.

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.