First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Reaches New 1-Year High - Here's Why

Key Points

• NASDAQ:FNY hit a new 52-week high intraday at $102.48 and last traded at $102.17 on a volume of 3,214 shares, up about 2.4% from the prior close of $100.16.
• The fund has a market capitalization of $528.42 million, a P/E of 24.50 and a beta of 1.20, and its price is trading above both the 50-day and 200-day simple moving averages (~$94.84 and $94.03), indicating recent positive momentum.
• Several small institutional investors recently initiated positions, and FNY is an ETF that tracks the NASDAQ AlphaDEX Mid Cap Growth index—an equal-weighted selection of S&P 400 mid-cap growth stocks managed by First Trust (launched Apr 18, 2011).

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY - ) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $102.48 and last traded at $102.17, with a volume of 3214 shares trading hands. The stock had previously closed at $100.16.

First Trust Mid Cap Growth AlphaDEX Fund Stock Up 2.4%

The company has a market capitalization of $528.42 million, a P/E ratio of 24.50 and a beta of 1.20. The company's 50-day simple moving average is $94.84 and its 200 day simple moving average is $94.03.

Institutional Trading of First Trust Mid Cap Growth AlphaDEX Fund

Large investors have recently added to or reduced their stakes in the business. Ascentis Independent Advisors bought a new stake in First Trust Mid Cap Growth AlphaDEX Fund in the first quarter worth approximately $28,000. MidFirst Bank bought a new position in shares of First Trust Mid Cap Growth AlphaDEX Fund in the fourth quarter valued at approximately $52,000. Founders Financial Alliance LLC bought a new position in shares of First Trust Mid Cap Growth AlphaDEX Fund in the third quarter valued at approximately $192,000. Advisory Services Network LLC bought a new position in shares of First Trust Mid Cap Growth AlphaDEX Fund in the third quarter valued at approximately $192,000. Finally, Brookwood Investment Group LLC bought a new position in shares of First Trust Mid Cap Growth AlphaDEX Fund in the third quarter valued at approximately $226,000.

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.

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