First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Reaches New 1-Year High – Still a Buy?

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $136.97 and last traded at $136.9410, with a volume of 8762 shares changing hands. The stock had previously closed at $133.85.

First Trust Mid Cap Core AlphaDEX Fund Stock Performance

The company’s 50-day moving average price is $130.25 and its 200 day moving average price is $125.39. The stock has a market capitalization of $1.28 billion, a PE ratio of 14.19 and a beta of 1.12.

First Trust Mid Cap Core AlphaDEX Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a dividend of $0.3914 per share. This represents a $1.57 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, December 12th. This is a positive change from First Trust Mid Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.19.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Mather Group LLC. purchased a new stake in First Trust Mid Cap Core AlphaDEX Fund in the third quarter worth $25,000. MTM Investment Management LLC bought a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund during the 2nd quarter valued at $28,000. Atlantic Union Bankshares Corp purchased a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund in the 2nd quarter worth about $44,000. Blair William & Co. IL bought a new position in shares of First Trust Mid Cap Core AlphaDEX Fund in the 2nd quarter worth about $47,000. Finally, Russell Investments Group Ltd. increased its stake in shares of First Trust Mid Cap Core AlphaDEX Fund by 5,077.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 466 shares of the company’s stock worth $58,000 after acquiring an additional 457 shares in the last quarter.

First Trust Mid Cap Core AlphaDEX Fund Company Profile

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.