First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Stock Price Down 0.6% – Here’s Why

Shares of First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) fell 0.6% on Tuesday . The company traded as low as $102.12 and last traded at $102.8990. 5,063 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 28,159 shares. The stock had previously closed at $103.52.

First Trust Mid Cap Growth AlphaDEX Fund Stock Down 0.6%

The company has a market cap of $581.38 million, a PE ratio of 24.50 and a beta of 1.18. The company has a 50-day moving average of $105.18 and a 200-day moving average of $99.48.

Hedge Funds Weigh In On First Trust Mid Cap Growth AlphaDEX Fund

Several large investors have recently bought and sold shares of FNY. Stonebridge Financial Planning Group LLC grew its stake in shares of First Trust Mid Cap Growth AlphaDEX Fund by 2.9% in the 4th quarter. Stonebridge Financial Planning Group LLC now owns 7,566 shares of the company’s stock worth $690,000 after acquiring an additional 214 shares in the last quarter. Proactive Wealth Strategies LLC bought a new position in shares of First Trust Mid Cap Growth AlphaDEX Fund during the fourth quarter valued at about $269,000. Comerica Bank lifted its position in shares of First Trust Mid Cap Growth AlphaDEX Fund by 5.3% during the fourth quarter. Comerica Bank now owns 11,352 shares of the company’s stock valued at $1,035,000 after purchasing an additional 573 shares in the last quarter. Mutual Advisors LLC boosted its holdings in First Trust Mid Cap Growth AlphaDEX Fund by 144.4% during the fourth quarter. Mutual Advisors LLC now owns 6,920 shares of the company’s stock worth $631,000 after purchasing an additional 4,089 shares during the last quarter. Finally, Sigma Planning Corp boosted its holdings in First Trust Mid Cap Growth AlphaDEX Fund by 3.7% during the fourth quarter. Sigma Planning Corp now owns 6,441 shares of the company’s stock worth $587,000 after purchasing an additional 228 shares during the last quarter.

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.