First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Hits New 12-Month High – Time to Buy?

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $106.23 and last traded at $106.26, with a volume of 1918 shares changing hands. The stock had previously closed at $104.97.

First Trust Mid Cap Growth AlphaDEX Fund Stock Up 1.1%

The company has a market cap of $546.60 million, a PE ratio of 24.50 and a beta of 1.20. The company has a 50-day moving average of $100.40 and a 200-day moving average of $96.38.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Cetera Investment Advisers boosted its position in First Trust Mid Cap Growth AlphaDEX Fund by 91.0% in the first quarter. Cetera Investment Advisers now owns 177,035 shares of the company’s stock worth $16,019,000 after purchasing an additional 84,347 shares during the last quarter. LPL Financial LLC boosted its position in First Trust Mid Cap Growth AlphaDEX Fund by 11.7% in the fourth quarter. LPL Financial LLC now owns 726,753 shares of the company’s stock worth $66,276,000 after purchasing an additional 76,380 shares during the last quarter. NewEdge Advisors LLC boosted its position in First Trust Mid Cap Growth AlphaDEX Fund by 31.8% in the third quarter. NewEdge Advisors LLC now owns 259,716 shares of the company’s stock worth $23,794,000 after purchasing an additional 62,725 shares during the last quarter. IHT Wealth Management LLC boosted its position in First Trust Mid Cap Growth AlphaDEX Fund by 1,876.0% in the fourth quarter. IHT Wealth Management LLC now owns 55,783 shares of the company’s stock worth $5,087,000 after purchasing an additional 52,960 shares during the last quarter. Finally, Susquehanna International Group LLP purchased a new position in First Trust Mid Cap Growth AlphaDEX Fund in the third quarter worth $3,337,000.

First Trust Mid Cap Growth AlphaDEX Fund Company Profile

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.