First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

First Trust Mid Cap Growth AlphaDEX Fund (NASDAQ:FNY)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $77.48 and traded as high as $87.81. First Trust Mid Cap Growth AlphaDEX Fund shares last traded at $87.53, with a volume of 10,124 shares.

First Trust Mid Cap Growth AlphaDEX Fund Stock Up 0.2 %

The stock has a market capitalization of $389.51 million, a P/E ratio of 17.61 and a beta of 1.13. The firm’s 50-day simple moving average is $82.47 and its 200 day simple moving average is $77.48.

First Trust Mid Cap Growth AlphaDEX Fund Increases Dividend

The firm also recently announced 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. The ex-dividend date was Thursday, September 26th. This is a positive change from First Trust Mid Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.06. This represents a $1.22 annualized dividend and a yield of 1.39%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FNY. LPL Financial LLC boosted its stake in shares of 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 worth $38,379,000 after acquiring an additional 40,280 shares in the last quarter. Kingsview Wealth Management LLC boosted its position in shares of First Trust Mid Cap Growth AlphaDEX Fund by 107.2% in the 3rd quarter. Kingsview Wealth Management LLC now owns 90,431 shares of the company’s stock valued at $7,202,000 after purchasing an additional 46,785 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in First Trust Mid Cap Growth AlphaDEX Fund by 514.0% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 81,232 shares of the company’s stock worth $5,977,000 after purchasing an additional 68,003 shares in the last quarter. Cetera Investment Advisers increased its stake in First Trust Mid Cap Growth AlphaDEX Fund by 2.3% in the 2nd quarter. Cetera Investment Advisers now owns 73,195 shares of the company’s stock worth $5,386,000 after purchasing an additional 1,639 shares in the last quarter. Finally, Benjamin Edwards Inc. acquired a new stake in First Trust Mid Cap Growth AlphaDEX Fund during the 3rd quarter worth about $5,558,000.

About First Trust Mid Cap Growth AlphaDEX Fund

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.