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

Shares of First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) hit a new 52-week high on Monday . The company traded as high as $108.67 and last traded at $108.6060, with a volume of 471 shares traded. The stock had previously closed at $107.94.

First Trust Mid Cap Growth AlphaDEX Fund Price Performance

The stock has a market capitalization of $555.61 million, a PE ratio of 24.50 and a beta of 1.20. The company has a 50 day moving average price of $102.13 and a 200-day moving average price of $97.04.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in FNY. Ascentis Independent Advisors purchased a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund in the 1st quarter worth about $28,000. Western Wealth Management LLC purchased a new position in shares of First Trust Mid Cap Growth AlphaDEX Fund during the first quarter valued at about $38,000. MidFirst Bank bought a new position in First Trust Mid Cap Growth AlphaDEX Fund in the fourth quarter worth about $52,000. Advisory Services Network LLC bought a new position in First Trust Mid Cap Growth AlphaDEX Fund in the third quarter worth about $192,000. Finally, Ashton Thomas Private Wealth LLC lifted its holdings in First Trust Mid Cap Growth AlphaDEX Fund by 4.2% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 2,729 shares of the company’s stock worth $249,000 after buying an additional 109 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.