First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Stock Price Up 1.6% – Here’s What Happened

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) shot up 1.6% during mid-day trading on Friday . The stock traded as high as $81.67 and last traded at $81.56. 8,536 shares changed hands during trading, an increase of 11% from the average session volume of 7,668 shares. The stock had previously closed at $80.25.

First Trust Mid Cap Growth AlphaDEX Fund Trading Up 1.6 %

The stock has a market cap of $379.25 million, a P/E ratio of 17.61 and a beta of 1.13. The business’s fifty day simple moving average is $83.81 and its 200 day simple moving average is $79.01.

First Trust Mid Cap Growth AlphaDEX Fund Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a dividend of $0.1415 per share. The ex-dividend date was Friday, December 13th.

Institutional Investors Weigh In On First Trust Mid Cap Growth AlphaDEX Fund

Institutional investors and hedge funds have recently made changes to their positions in the company. Benjamin Edwards Inc. acquired a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund during the 3rd quarter worth approximately $5,558,000. Kingsview Wealth Management LLC boosted its stake in First Trust Mid Cap Growth AlphaDEX Fund by 107.2% in the third quarter. Kingsview Wealth Management LLC now owns 90,431 shares of the company’s stock valued at $7,202,000 after acquiring an additional 46,785 shares during the last quarter. LPL Financial LLC grew its holdings in First Trust Mid Cap Growth AlphaDEX Fund by 8.4% during the 2nd quarter. LPL Financial LLC now owns 521,590 shares of the company’s stock worth $38,379,000 after acquiring an additional 40,280 shares during the period. Stifel Financial Corp raised its position in shares of First Trust Mid Cap Growth AlphaDEX Fund by 190.5% during the 3rd quarter. Stifel Financial Corp now owns 39,769 shares of the company’s stock valued at $3,167,000 after acquiring an additional 26,079 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of First Trust Mid Cap Growth AlphaDEX Fund in the 3rd quarter valued at $381,000.

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.