First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Trading Down 0.7%

Shares of First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) dropped 0.7% during mid-day trading on Tuesday . The stock traded as low as $72.59 and last traded at $72.59. Approximately 9,641 shares changed hands during trading, a decline of 39% from the average daily volume of 15,751 shares. The stock had previously closed at $73.10.

First Trust Mid Cap Growth AlphaDEX Fund Price Performance

The company’s 50-day moving average price is $73.44 and its 200-day moving average price is $71.52. The company has a market cap of $335.34 million, a P/E ratio of 17.61 and a beta of 1.13.

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

Several large investors have recently made changes to their positions in the stock. Pine Valley Investments Ltd Liability Co grew its position in First Trust Mid Cap Growth AlphaDEX Fund by 9.3% in the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 3,839 shares of the company’s stock valued at $262,000 after purchasing an additional 328 shares in the last quarter. Wells Fargo & Company MN grew its position in First Trust Mid Cap Growth AlphaDEX Fund by 116.7% in the fourth quarter. Wells Fargo & Company MN now owns 589,895 shares of the company’s stock valued at $40,184,000 after purchasing an additional 317,707 shares in the last quarter. Avantax Advisory Services Inc. bought a new position in First Trust Mid Cap Growth AlphaDEX Fund in the fourth quarter valued at $230,000. Kingsview Wealth Management LLC grew its position in First Trust Mid Cap Growth AlphaDEX Fund by 34.4% in the fourth quarter. Kingsview Wealth Management LLC now owns 41,364 shares of the company’s stock valued at $2,818,000 after purchasing an additional 10,589 shares in the last quarter. Finally, Private Advisor Group LLC grew its position in First Trust Mid Cap Growth AlphaDEX Fund by 0.8% in the fourth quarter. Private Advisor Group LLC now owns 45,629 shares of the company’s stock valued at $3,108,000 after purchasing an additional 351 shares in 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.