First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Trading Up 0.4% – What’s Next?

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX)’s stock price was up 0.4% during mid-day trading on Friday . The company traded as high as $126.76 and last traded at $126.5150. Approximately 2,417 shares changed hands during trading, a decline of 91% from the average daily volume of 25,913 shares. The stock had previously closed at $126.00.

First Trust Mid Cap Core AlphaDEX Fund Trading Up 0.4%

The business has a 50-day moving average price of $124.29 and a 200-day moving average price of $119.77. The stock has a market cap of $1.18 billion, a PE ratio of 14.19 and a beta of 1.12.

First Trust Mid Cap Core AlphaDEX Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were given a $0.1937 dividend. The ex-dividend date was Thursday, September 25th. This represents a $0.77 annualized dividend and a dividend yield of 0.6%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Harbour Investments Inc. raised its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 9.8% during the first quarter. Harbour Investments Inc. now owns 11,951 shares of the company’s stock valued at $1,302,000 after acquiring an additional 1,065 shares during the last quarter. Kestra Advisory Services LLC increased its position in shares of First Trust Mid Cap Core AlphaDEX Fund by 2.4% during the first quarter. Kestra Advisory Services LLC now owns 192,188 shares of the company’s stock worth $20,945,000 after purchasing an additional 4,539 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in First Trust Mid Cap Core AlphaDEX Fund by 27.7% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 47,748 shares of the company’s stock valued at $5,204,000 after purchasing an additional 10,344 shares during the last quarter. Comerica Bank raised its stake in First Trust Mid Cap Core AlphaDEX Fund by 2.7% in the 1st quarter. Comerica Bank now owns 19,440 shares of the company’s stock valued at $2,119,000 after purchasing an additional 516 shares during the last quarter. Finally, Per Stirling Capital Management LLC. lifted its holdings in First Trust Mid Cap Core AlphaDEX Fund by 4.1% in the 1st quarter. Per Stirling Capital Management LLC. now owns 64,971 shares of the company’s stock valued at $7,081,000 after purchasing an additional 2,551 shares in the last quarter.

About First Trust Mid Cap Core AlphaDEX Fund

The First Trust Mid Cap Core AlphaDEX Fund (FNX) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Mid Cap Core index. The fund tracks a tiered equal-weighted index of US mid-cap equities selected using both growth and value screens. FNX was launched on May 8, 2007 and is managed by First Trust.