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First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Trading Down 3.4% - What's Next?

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Shares of First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY - Get Free Report) fell 3.4% during trading on Monday . The company traded as low as $72.53 and last traded at $73.18. 52,122 shares changed hands during mid-day trading, an increase of 197% from the average session volume of 17,530 shares. The stock had previously closed at $75.72.

First Trust Mid Cap Growth AlphaDEX Fund Price Performance

The company has a market cap of $370.75 million, a PE ratio of 22.08 and a beta of 1.13. The business has a 50 day moving average of $81.74 and a 200 day moving average of $81.47.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. LPL Financial LLC lifted its position in First Trust Mid Cap Growth AlphaDEX Fund by 11.9% during the fourth quarter. LPL Financial LLC now owns 569,446 shares of the company's stock valued at $45,556,000 after buying an additional 60,713 shares during the period. Raymond James Financial Inc. bought a new position in shares of First Trust Mid Cap Growth AlphaDEX Fund during the fourth quarter valued at $14,166,000. Kingsview Wealth Management LLC increased its holdings in shares of First Trust Mid Cap Growth AlphaDEX Fund by 107.2% during the third quarter. Kingsview Wealth Management LLC now owns 90,431 shares of the company's stock valued at $7,202,000 after acquiring an additional 46,785 shares in the last quarter. Benjamin Edwards Inc. bought a new position in shares of First Trust Mid Cap Growth AlphaDEX Fund during the third quarter valued at $5,558,000. Finally, Cetera Investment Advisers increased its holdings in shares of First Trust Mid Cap Growth AlphaDEX Fund by 24.6% during the fourth quarter. Cetera Investment Advisers now owns 51,121 shares of the company's stock valued at $4,090,000 after acquiring an additional 10,081 shares in the last quarter.

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First Trust Mid Cap Growth AlphaDEX Fund Company Profile

(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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