First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) Shares Down 1.4% – Time to Sell?

First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) traded down 1.4% on Tuesday . The stock traded as low as $57.71 and last traded at $57.79. 4,839 shares changed hands during mid-day trading, a decline of 34% from the average session volume of 7,345 shares. The stock had previously closed at $58.59.

First Trust Mid Cap Value AlphaDEX Fund Stock Performance

The company has a 50 day moving average of $55.91 and a 200 day moving average of $54.95. The stock has a market capitalization of $208.04 million, a price-to-earnings ratio of 10.44 and a beta of 1.08.

First Trust Mid Cap Value AlphaDEX Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a dividend of $0.2872 per share. The ex-dividend date was Friday, December 12th. This represents a $1.15 annualized dividend and a dividend yield of 2.0%. This is an increase from First Trust Mid Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.20.

Institutional Trading of First Trust Mid Cap Value AlphaDEX Fund

Several large investors have recently added to or reduced their stakes in FNK. Northwestern Mutual Wealth Management Co. purchased a new position in First Trust Mid Cap Value AlphaDEX Fund during the 3rd quarter valued at about $31,000. Geneos Wealth Management Inc. lifted its position in shares of First Trust Mid Cap Value AlphaDEX Fund by 200.0% during the second quarter. Geneos Wealth Management Inc. now owns 2,400 shares of the company’s stock worth $124,000 after purchasing an additional 1,600 shares in the last quarter. Founders Financial Alliance LLC purchased a new position in shares of First Trust Mid Cap Value AlphaDEX Fund in the third quarter valued at approximately $160,000. Dynamic Advisor Solutions LLC purchased a new position in shares of First Trust Mid Cap Value AlphaDEX Fund in the third quarter valued at approximately $202,000. Finally, Jane Street Group LLC acquired a new position in shares of First Trust Mid Cap Value AlphaDEX Fund in the first quarter valued at approximately $464,000.

About First Trust Mid Cap Value AlphaDEX Fund

The First Trust Mid Cap Value AlphaDEX Fund (FNK) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Mid Cap Value index. The fund tracks a mid-cap index that selects value stocks using quant methodology and applies an equal-tiered weighting scheme. FNK was launched on Apr 18, 2011 and is managed by First Trust.