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First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Shares Up 0.3% - Still a Buy?

First Trust Mid Cap Growth AlphaDEX Fund logo with background

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY - Get Free Report) traded up 0.3% on Monday . The stock traded as high as $79.64 and last traded at $79.52. 5,493 shares changed hands during trading, a decline of 71% from the average session volume of 18,903 shares. The stock had previously closed at $79.29.

First Trust Mid Cap Growth AlphaDEX Fund Trading Down 0.1%

The firm has a market cap of $376.56 million, a P/E ratio of 23.90 and a beta of 1.13. The stock has a 50 day simple moving average of $74.91 and a 200-day simple moving average of $79.57.

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

A number of hedge funds have recently bought and sold shares of FNY. Allworth Financial LP grew its stake in shares of First Trust Mid Cap Growth AlphaDEX Fund by 23.8% in the 4th quarter. Allworth Financial LP now owns 625 shares of the company's stock worth $53,000 after buying an additional 120 shares in the last quarter. GPS Wealth Strategies Group LLC bought a new position in shares of First Trust Mid Cap Growth AlphaDEX Fund in the 1st quarter valued at about $49,000. NBC Securities Inc. purchased a new position in First Trust Mid Cap Growth AlphaDEX Fund in the first quarter worth about $50,000. Mpwm Advisory Solutions LLC bought a new stake in First Trust Mid Cap Growth AlphaDEX Fund during the fourth quarter worth approximately $64,000. Finally, Geneos Wealth Management Inc. raised its position in First Trust Mid Cap Growth AlphaDEX Fund by 9.1% during the first quarter. Geneos Wealth Management Inc. now owns 2,251 shares of the company's stock valued at $169,000 after purchasing an additional 188 shares during the period.

About First Trust Mid Cap Growth AlphaDEX Fund

(Get Free Report)

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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