First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Trading 1.6% Higher – Here’s What Happened

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) shares traded up 1.6% on Friday . The stock traded as high as $81.67 and last traded at $81.56. 8,536 shares were traded during trading, an increase of 11% from the average session volume of 7,668 shares. The stock had previously closed at $80.25.

First Trust Mid Cap Growth AlphaDEX Fund Trading Up 1.6 %

The company has a market capitalization of $362.94 million, a price-to-earnings ratio of 17.61 and a beta of 1.13. The stock’s fifty day simple moving average is $83.81 and its 200-day simple moving average is $78.97.

First Trust Mid Cap Growth AlphaDEX Fund Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a $0.1415 dividend. The ex-dividend date was Friday, December 13th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. LPL Financial LLC raised its holdings in shares of First Trust Mid Cap Growth AlphaDEX Fund by 8.4% in the 2nd quarter. LPL Financial LLC now owns 521,590 shares of the company’s stock valued at $38,379,000 after purchasing an additional 40,280 shares in the last quarter. Zions Bancorporation N.A. acquired a new stake in First Trust Mid Cap Growth AlphaDEX Fund in the second quarter valued at $132,000. Gateway Wealth Partners LLC purchased a new stake in First Trust Mid Cap Growth AlphaDEX Fund during the 2nd quarter worth about $236,000. Cetera Investment Advisers boosted its position in shares of First Trust Mid Cap Growth AlphaDEX Fund by 2.3% during the 2nd quarter. Cetera Investment Advisers now owns 73,195 shares of the company’s stock worth $5,386,000 after acquiring an additional 1,639 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in shares of First Trust Mid Cap Growth AlphaDEX Fund in the 2nd quarter valued at about $338,000.

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.