First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Shares Pass Above 200 Day Moving Average - What's Next?

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY - Get Free Report) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $77.48 and traded as high as $87.81. First Trust Mid Cap Growth AlphaDEX Fund shares last traded at $87.53, with a volume of 10,124 shares changing hands.

First Trust Mid Cap Growth AlphaDEX Fund Stock Up 0.7 %

The stock has a market cap of $392.18 million, a P/E ratio of 17.61 and a beta of 1.13. The business's 50-day simple moving average is $82.47 and its two-hundred day simple moving average is $77.48.

First Trust Mid Cap Growth AlphaDEX Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a $0.3051 dividend. This is a positive change from First Trust Mid Cap Growth AlphaDEX Fund's previous quarterly dividend of $0.06. This represents a $1.22 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend was Thursday, September 26th.

Hedge Funds Weigh In On First Trust Mid Cap Growth AlphaDEX Fund

Large investors have recently modified their holdings of the company. Cetera Investment Advisers grew its holdings in shares of First Trust Mid Cap Growth AlphaDEX Fund by 24.0% in the first quarter. Cetera Investment Advisers now owns 71,556 shares of the company's stock worth $5,410,000 after purchasing an additional 13,854 shares during the last quarter. Clarus Wealth Advisors boosted its holdings in shares of First Trust Mid Cap Growth AlphaDEX Fund by 1.8% during the 2nd quarter. Clarus Wealth Advisors now owns 9,167 shares of the company's stock valued at $671,000 after buying an additional 165 shares in the last quarter. Raymond James & Associates boosted its holdings in shares of First Trust Mid Cap Growth AlphaDEX Fund by 248.3% during the 2nd quarter. Raymond James & Associates now owns 45,986 shares of the company's stock valued at $3,384,000 after buying an additional 32,782 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of First Trust Mid Cap Growth AlphaDEX Fund by 514.0% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 81,232 shares of the company's stock worth $5,977,000 after purchasing an additional 68,003 shares during the last quarter. Finally, Concurrent Investment Advisors LLC purchased a new position in shares of First Trust Mid Cap Growth AlphaDEX Fund in the 2nd quarter worth about $417,000.

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.