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) dropped 3.4% on Monday . The company traded as low as $72.53 and last traded at $73.18. Approximately 52,122 shares were traded during mid-day trading, an increase of 197% from the average daily volume of 17,530 shares. The stock had previously closed at $75.72.

First Trust Mid Cap Growth AlphaDEX Fund Trading Up 0.4 %

The stock has a market capitalization of $368.40 million, a price-to-earnings ratio of 22.08 and a beta of 1.13. The stock’s 50 day moving average is $82.03 and its two-hundred day 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. Investors of record on Friday, December 13th were paid 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 added to or reduced their stakes in the business. Allworth Financial LP lifted its position in First Trust Mid Cap Growth AlphaDEX Fund by 23.8% during the 4th quarter. Allworth Financial LP now owns 625 shares of the company’s stock worth $53,000 after buying an additional 120 shares in the last quarter. Synergy Asset Management LLC bought a new stake in First Trust Mid Cap Growth AlphaDEX Fund during the 4th quarter worth about $60,000. Mpwm Advisory Solutions LLC bought a new stake in First Trust Mid Cap Growth AlphaDEX Fund during the 4th quarter worth about $64,000. Oppenheimer & Co. Inc. bought a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund in the 4th quarter valued at about $208,000. Finally, Arete Wealth Advisors LLC bought a new stake in shares of First Trust Mid Cap Growth AlphaDEX Fund in the 3rd quarter valued at about $210,000.

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.