First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Reaches New 12-Month High – Here’s What Happened

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) shares reached a new 52-week high on Tuesday . The stock traded as high as $109.82 and last traded at $110.6420, with a volume of 657 shares. The stock had previously closed at $109.48.

First Trust Mid Cap Growth AlphaDEX Fund Stock Performance

The stock has a fifty day simple moving average of $103.51 and a two-hundred day simple moving average of $97.72. The stock has a market cap of $569.77 million, a price-to-earnings ratio of 24.50 and a beta of 1.20.

Institutional Trading of First Trust Mid Cap Growth AlphaDEX Fund

A number of hedge funds have recently added to or reduced their stakes in FNY. Pine Valley Investments Ltd Liability Co boosted its stake in shares of First Trust Mid Cap Growth AlphaDEX Fund by 7.4% during the first quarter. Pine Valley Investments Ltd Liability Co now owns 5,766 shares of the company’s stock valued at $522,000 after purchasing an additional 396 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of First Trust Mid Cap Growth AlphaDEX Fund by 3.3% during the first quarter. NewEdge Advisors LLC now owns 288,746 shares of the company’s stock valued at $26,128,000 after acquiring an additional 9,102 shares during the last quarter. Western Wealth Management LLC acquired a new position in shares of First Trust Mid Cap Growth AlphaDEX Fund during the first quarter worth $38,000. Royal Bank of Canada grew its stake in shares of First Trust Mid Cap Growth AlphaDEX Fund by 0.8% in the first quarter. Royal Bank of Canada now owns 50,784 shares of the company’s stock worth $4,596,000 after purchasing an additional 413 shares during the last quarter. Finally, Gateway Wealth Partners LLC raised its position in First Trust Mid Cap Growth AlphaDEX Fund by 107.0% during the 1st quarter. Gateway Wealth Partners LLC now owns 6,852 shares of the company’s stock worth $620,000 after purchasing an additional 3,542 shares during the last quarter.

About First Trust Mid Cap Growth AlphaDEX Fund

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.