First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Trading Down 0.5%

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) shares traded down 0.5% during trading on Thursday . The company traded as low as $69.78 and last traded at $69.82. 4,850 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 15,625 shares. The stock had previously closed at $70.20.

First Trust Mid Cap Growth AlphaDEX Fund Price Performance

The stock has a 50 day moving average of $72.65 and a 200 day moving average of $66.46. The firm has a market cap of $314.19 million, a P/E ratio of 15.16 and a beta of 1.13.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FNY. Cetera Investment Advisers grew its stake in shares of First Trust Mid Cap Growth AlphaDEX Fund by 3.7% during the first quarter. Cetera Investment Advisers now owns 49,246 shares of the company’s stock valued at $3,284,000 after buying an additional 1,749 shares during the last quarter. Atria Wealth Solutions Inc. bought a new position in shares of First Trust Mid Cap Growth AlphaDEX Fund during the first quarter valued at about $1,404,000. IHT Wealth Management LLC grew its stake in shares of First Trust Mid Cap Growth AlphaDEX Fund by 31.2% in the first quarter. IHT Wealth Management LLC now owns 7,011 shares of the company’s stock worth $468,000 after purchasing an additional 1,668 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of First Trust Mid Cap Growth AlphaDEX Fund by 61.3% in the first quarter. Goldman Sachs Group Inc. now owns 51,147 shares of the company’s stock worth $3,410,000 after purchasing an additional 19,447 shares during the last quarter. Finally, Royal Bank of Canada grew its stake in shares of First Trust Mid Cap Growth AlphaDEX Fund by 103.0% in the first quarter. Royal Bank of Canada now owns 29,768 shares of the company’s stock worth $1,985,000 after purchasing an additional 15,107 shares during 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.