First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY - Get Free Report) announced a quarterly dividend on Wednesday, June 25th, NASDAQ Dividends reports. Stockholders of record on Thursday, June 26th will be paid a dividend of 0.0297 per share on Monday, June 30th. This represents a $0.12 annualized dividend and a dividend yield of 0.14%. The ex-dividend date is Thursday, June 26th.
First Trust Mid Cap Growth AlphaDEX Fund Price Performance
Shares of FNY stock traded up $0.53 during trading hours on Friday, hitting $82.39. 101,880 shares of the company's stock were exchanged, compared to its average volume of 19,045. The stock's 50-day moving average is $78.28 and its 200-day moving average is $78.76. The stock has a market cap of $387.23 million, a price-to-earnings ratio of 23.90 and a beta of 1.13. First Trust Mid Cap Growth AlphaDEX Fund has a 52 week low of $64.52 and a 52 week high of $88.74.
Hedge Funds Weigh In On First Trust Mid Cap Growth AlphaDEX Fund
Hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its holdings in First Trust Mid Cap Growth AlphaDEX Fund by 5.6% in the first quarter. Goldman Sachs Group Inc. now owns 52,795 shares of the company's stock valued at $3,953,000 after acquiring an additional 2,795 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in First Trust Mid Cap Growth AlphaDEX Fund in the first quarter valued at about $403,000. Jane Street Group LLC bought a new position in First Trust Mid Cap Growth AlphaDEX Fund in the first quarter valued at about $362,000. Finally, Jones Financial Companies Lllp boosted its holdings in First Trust Mid Cap Growth AlphaDEX Fund by 62.2% in the first quarter. Jones Financial Companies Lllp now owns 5,098 shares of the company's stock valued at $354,000 after acquiring an additional 1,955 shares during the last quarter.
About First Trust Mid Cap Growth AlphaDEX Fund
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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.
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