First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Stock Price Up 0.3% - Here's Why

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY - Get Free Report) shares shot up 0.3% during mid-day trading on Monday . The stock traded as high as $79.64 and last traded at $79.52. 5,493 shares were traded 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 Stock Performance

The company has a fifty day moving average of $75.25 and a two-hundred day moving average of $79.53. The company has a market cap of $381.32 million, a PE ratio of 23.90 and a beta of 1.13.

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

Institutional investors have recently added to or reduced their stakes in the stock. LPL Financial LLC raised its stake in shares of First Trust Mid Cap Growth AlphaDEX Fund by 8.9% in the first quarter. LPL Financial LLC now owns 620,220 shares of the company's stock worth $46,442,000 after purchasing an additional 50,774 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in First Trust Mid Cap Growth AlphaDEX Fund in the fourth quarter valued at approximately $14,166,000. Benjamin Edwards Inc. boosted its stake in shares of First Trust Mid Cap Growth AlphaDEX Fund by 34.5% in the first quarter. Benjamin Edwards Inc. now owns 89,784 shares of the company's stock worth $6,723,000 after acquiring an additional 23,044 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of First Trust Mid Cap Growth AlphaDEX Fund by 565.5% in the first quarter. Envestnet Asset Management Inc. now owns 88,816 shares of the company's stock worth $6,651,000 after acquiring an additional 75,470 shares during the last quarter. Finally, Cetera Investment Advisers boosted its stake in shares of First Trust Mid Cap Growth AlphaDEX Fund by 12.9% in the first quarter. Cetera Investment Advisers now owns 57,710 shares of the company's stock worth $4,321,000 after acquiring an additional 6,589 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.