First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Sees Unusually-High Trading Volume - Here's What Happened

Key Points

• Unusually-high volume: Shares of First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) traded about 88,060 shares on Friday — a 191% increase from the prior session — with the price at $95.375, down roughly 0.5% from the previous close.
• Institutional accumulation: Several large investors raised stakes, notably LPL Financial (up 11.7% to 726,753 shares) and Wells Fargo (up 3.9% to 584,020 shares).
• Fund profile: FNY is an ETF tracking the NASDAQ AlphaDEX Mid Cap Growth index, with a market cap of $511.06 million, a PE of 24.50 and a beta of 1.20.

Shares of First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY - ) saw unusually-high trading volume on Friday . Approximately 88,060 shares were traded during mid-day trading, an increase of 191% from the previous session's volume of 30,211 shares.The stock last traded at $95.3750 and had previously closed at $95.98.

First Trust Mid Cap Growth AlphaDEX Fund Trading Down 0.5%

The firm has a 50 day moving average of $94.01 and a two-hundred day moving average of $93.28. The company has a market cap of $511.06 million, a PE ratio of 24.50 and a beta of 1.20.

Institutional Trading of First Trust Mid Cap Growth AlphaDEX Fund

Several large investors have recently modified their holdings of the company. LPL Financial LLC grew its holdings in shares of First Trust Mid Cap Growth AlphaDEX Fund by 11.7% in the fourth quarter. LPL Financial LLC now owns 726,753 shares of the company's stock worth $66,276,000 after acquiring an additional 76,380 shares during the period. Wells Fargo & Company MN boosted its position in First Trust Mid Cap Growth AlphaDEX Fund by 3.9% in the fourth quarter. Wells Fargo & Company MN now owns 584,020 shares of the company's stock worth $53,259,000 after purchasing an additional 22,042 shares during the last quarter. NewEdge Advisors LLC boosted its position in First Trust Mid Cap Growth AlphaDEX Fund by 7.7% in the fourth quarter. NewEdge Advisors LLC now owns 279,644 shares of the company's stock worth $25,502,000 after purchasing an additional 19,928 shares during the last quarter. &PARTNERS lifted its stake in shares of First Trust Mid Cap Growth AlphaDEX Fund by 1.8% in the 4th quarter. &PARTNERS now owns 155,868 shares of the company's stock worth $14,215,000 after purchasing an additional 2,805 shares during the period. Finally, Raymond James Financial Inc. boosted its holdings in shares of First Trust Mid Cap Growth AlphaDEX Fund by 1.6% in the third quarter. Raymond James Financial Inc. now owns 97,282 shares of the company's stock worth $8,913,000 after buying an additional 1,576 shares during the last quarter.

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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