First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Hits New 1-Year High – What’s Next?

Shares of First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) hit a new 52-week high during trading on Wednesday . The stock traded as high as $106.02 and last traded at $105.0650, with a volume of 520 shares. The stock had previously closed at $102.37.

First Trust Mid Cap Growth AlphaDEX Fund Stock Performance

The stock has a market capitalization of $545.18 million, a price-to-earnings ratio of 24.50 and a beta of 1.20. The firm’s fifty day simple moving average is $97.70 and its 200 day simple moving average is $95.30.

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

A number of institutional investors have recently added to or reduced their stakes in the company. PFG Investments LLC acquired a new position in shares of First Trust Mid Cap Growth AlphaDEX Fund in the fourth quarter valued at $292,000. Crux Wealth Advisors acquired a new position in shares of First Trust Mid Cap Growth AlphaDEX Fund in the fourth quarter valued at $1,653,000. Sound Income Strategies LLC bought a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund in the fourth quarter valued at about $290,000. Sylvest Advisors LLC boosted its position in shares of First Trust Mid Cap Growth AlphaDEX Fund by 6.5% in the fourth quarter. Sylvest Advisors LLC now owns 18,547 shares of the company’s stock valued at $1,691,000 after acquiring an additional 1,138 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of First Trust Mid Cap Growth AlphaDEX Fund by 2.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 28,000 shares of the company’s stock valued at $2,691,000 after acquiring an additional 689 shares during the period.

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.