First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Stock Price Down 0.1% – Time to Sell?

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY)’s stock price traded down 0.1% during mid-day trading on Friday . The company traded as low as $81.67 and last traded at $81.75. 3,340 shares were traded during mid-day trading, a decline of 79% from the average session volume of 15,867 shares. The stock had previously closed at $81.85.

First Trust Mid Cap Growth AlphaDEX Fund Stock Performance

The firm has a market capitalization of $363.79 million, a PE ratio of 17.61 and a beta of 1.13. The company has a fifty day moving average price of $77.62 and a 200-day moving average price of $74.89.

First Trust Mid Cap Growth AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a dividend of $0.3051 per share. This is an increase from First Trust Mid Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.06. The ex-dividend date was Thursday, September 26th. This represents a $1.22 dividend on an annualized basis and a yield of 1.49%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FNY. Cambridge Investment Research Advisors Inc. increased its position in First Trust Mid Cap Growth AlphaDEX Fund by 514.0% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 81,232 shares of the company’s stock valued at $5,977,000 after acquiring an additional 68,003 shares during the last quarter. Cetera Advisors LLC bought a new position in First Trust Mid Cap Growth AlphaDEX Fund during the 1st quarter valued at about $3,334,000. 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 valued at $38,379,000 after purchasing an additional 40,280 shares during the last quarter. Raymond James & Associates raised its position in First Trust Mid Cap Growth AlphaDEX Fund by 248.3% in the 2nd quarter. Raymond James & Associates now owns 45,986 shares of the company’s stock worth $3,384,000 after purchasing an additional 32,782 shares during the period. Finally, PCG Wealth Advisors LLC bought a new stake in First Trust Mid Cap Growth AlphaDEX Fund in the first quarter worth about $2,094,000.

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.