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First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Trading 1.6% Higher - Here's What Happened

First Trust Mid Cap Growth AlphaDEX Fund logo with background

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY - Get Free Report) shares rose 1.6% during trading on Friday . The company traded as high as $81.67 and last traded at $81.56. Approximately 8,536 shares changed hands during trading, an increase of 11% from the average daily volume of 7,668 shares. The stock had previously closed at $80.25.

First Trust Mid Cap Growth AlphaDEX Fund Price Performance

The stock has a market capitalization of $362.94 million, a price-to-earnings ratio of 17.61 and a beta of 1.13. The company has a 50-day simple moving average of $83.81 and a two-hundred day simple moving average of $79.01.

First Trust Mid Cap Growth AlphaDEX Fund Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a $0.1415 dividend. The ex-dividend date of this dividend was Friday, December 13th.

Institutional Trading of First Trust Mid Cap Growth AlphaDEX Fund

Several large investors have recently added to or reduced their stakes in the business. Gateway Wealth Partners LLC raised its stake in shares of First Trust Mid Cap Growth AlphaDEX Fund by 4.4% during the third quarter. Gateway Wealth Partners LLC now owns 3,352 shares of the company's stock valued at $267,000 after purchasing an additional 142 shares in the last quarter. Cetera Investment Advisers raised its holdings in First Trust Mid Cap Growth AlphaDEX Fund by 2.3% during the second quarter. Cetera Investment Advisers now owns 73,195 shares of the company's stock worth $5,386,000 after purchasing an additional 1,639 shares in the last quarter. Zions Bancorporation N.A. bought a new position in First Trust Mid Cap Growth AlphaDEX Fund during the second quarter valued at about $132,000. Arete Wealth Advisors LLC acquired a new position in First Trust Mid Cap Growth AlphaDEX Fund during the third quarter worth about $210,000. Finally, Wealth Enhancement Advisory Services LLC raised its position in First Trust Mid Cap Growth AlphaDEX Fund by 12.6% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 25,712 shares of the company's stock worth $2,048,000 after acquiring an additional 2,868 shares in the last quarter.

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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