First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Share Price Crosses Above Two Hundred Day Moving Average - Here's Why

Key Points

• FNY shares crossed above their 200-day moving average, reaching $100.92 before last trading at $100.50 on volume of 14,713 shares. The 200-day average was $100.15.
• The ETF has a market capitalization of approximately $562.8 million, a P/E ratio of 24.50, and a beta of 1.20; its 50-day moving average stood at $100.26.
• Several institutional investors initiated positions in FNY during the third quarter, while Envestnet Asset Management increased its holdings by 4.7% to 113,923 shares valued at about $12.6 million.

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY - ) shares passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $100.15 and traded as high as $100.92. First Trust Mid Cap Growth AlphaDEX Fund shares last traded at $100.50, with a volume of 14,713 shares traded.

First Trust Mid Cap Growth AlphaDEX Fund Price Performance

The stock's fifty day simple moving average is $100.26 and its 200-day simple moving average is $100.15. The company has a market capitalization of $562.80 million, a P/E ratio of 24.50 and a beta of 1.20.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FNY. Founders Financial Securities LLC acquired a new position in shares of First Trust Mid Cap Growth AlphaDEX Fund during the third quarter valued at about $639,000. D.A. Davidson & CO. bought a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund in the third quarter valued at about $381,000. Oppenheimer & Co. Inc. bought a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund in the third quarter valued at about $257,000. Sigma Planning Corp bought a new position in First Trust Mid Cap Growth AlphaDEX Fund during the third quarter valued at about $714,000. Finally, Envestnet Asset Management Inc. raised its holdings in First Trust Mid Cap Growth AlphaDEX Fund by 4.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 113,923 shares of the company's stock valued at $12,629,000 after acquiring an additional 5,117 shares in the last quarter.

First Trust Mid Cap Growth AlphaDEX Fund Company Profile

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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