First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Trading Up 0.2% - Here's What Happened

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY - Get Free Report) was up 0.2% during mid-day trading on Friday . The stock traded as high as $71.53 and last traded at $71.07. Approximately 15,138 shares traded hands during trading, a decline of 17% from the average daily volume of 18,221 shares. The stock had previously closed at $70.93.

First Trust Mid Cap Growth AlphaDEX Fund Stock Up 2.7 %

The firm's 50 day simple moving average is $75.21 and its two-hundred day simple moving average is $80.43. The stock has a market capitalization of $362.35 million, a P/E ratio of 20.67 and a beta of 1.13.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in FNY. Raymond James Financial Inc. bought a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund during the fourth quarter worth about $14,166,000. LPL Financial LLC lifted its stake in First Trust Mid Cap Growth AlphaDEX Fund by 11.9% during the 4th quarter. LPL Financial LLC now owns 569,446 shares of the company's stock valued at $45,556,000 after acquiring an additional 60,713 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in First Trust Mid Cap Growth AlphaDEX Fund by 375.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 46,492 shares of the company's stock worth $3,719,000 after acquiring an additional 36,712 shares during the last quarter. JT Stratford LLC bought a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund in the 4th quarter worth $1,413,000. Finally, Sylvest Advisors LLC purchased a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund in the fourth quarter valued at about $1,248,000.

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.