First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Trading Down 3.4% – Here’s Why

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) shares traded down 3.4% on Monday . The stock traded as low as $72.53 and last traded at $73.18. 52,122 shares traded hands during trading, an increase of 197% from the average session volume of 17,530 shares. The stock had previously closed at $75.72.

First Trust Mid Cap Growth AlphaDEX Fund Stock Performance

The firm has a market cap of $368.40 million, a PE ratio of 22.08 and a beta of 1.13. The company’s 50-day simple moving average is $82.03 and its two-hundred day simple moving average is $81.59.

First Trust Mid Cap Growth AlphaDEX Fund Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a $0.1415 dividend. 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 modified their holdings of the stock. Sylvest Advisors LLC purchased a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund in the 4th quarter worth about $1,248,000. Janney Montgomery Scott LLC lifted its position in shares of First Trust Mid Cap Growth AlphaDEX Fund by 375.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 46,492 shares of the company’s stock worth $3,719,000 after purchasing an additional 36,712 shares during the period. New Wave Wealth Advisors LLC purchased a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund in the 4th quarter worth about $682,000. Synergy Asset Management LLC purchased a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund in the 4th quarter worth about $60,000. Finally, Gateway Wealth Partners LLC lifted its position in First Trust Mid Cap Growth AlphaDEX Fund by 6.2% during the 4th quarter. Gateway Wealth Partners LLC now owns 3,561 shares of the company’s stock valued at $285,000 after acquiring an additional 209 shares during the period.

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.