First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Hits New 52-Week High – Time to Buy?

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $138.71 and last traded at $137.42, with a volume of 28363 shares. The stock had previously closed at $137.74.

First Trust Mid Cap Core AlphaDEX Fund Trading Down 0.2%

The firm has a 50-day moving average of $131.18 and a two-hundred day moving average of $125.97. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 14.19 and a beta of 1.12.

First Trust Mid Cap Core AlphaDEX Fund Increases Dividend

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

Hedge Funds Weigh In On First Trust Mid Cap Core AlphaDEX Fund

Several large investors have recently bought and sold shares of the stock. Atlantic Union Bankshares Corp acquired a new position in First Trust Mid Cap Core AlphaDEX Fund in the 2nd quarter valued at approximately $44,000. Lakeridge Wealth Management LLC grew its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 6.4% during the 2nd quarter. Lakeridge Wealth Management LLC now owns 79,719 shares of the company’s stock worth $9,156,000 after purchasing an additional 4,790 shares in the last quarter. Assetmark Inc. increased its position in shares of First Trust Mid Cap Core AlphaDEX Fund by 1,786.0% during the second quarter. Assetmark Inc. now owns 1,075 shares of the company’s stock valued at $123,000 after purchasing an additional 1,018 shares during the period. Bensler LLC bought a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund during the second quarter valued at approximately $251,000. Finally, Three Cord True Wealth Management LLC raised its stake in shares of First Trust Mid Cap Core AlphaDEX Fund by 5.0% in the second quarter. Three Cord True Wealth Management LLC now owns 116,858 shares of the company’s stock valued at $13,421,000 after purchasing an additional 5,532 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.