First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Trading 0.7% Higher – Here’s Why

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX)’s stock price rose 0.7% during mid-day trading on Monday . The company traded as high as $130.53 and last traded at $130.48. Approximately 60,150 shares were traded during trading, an increase of 122% from the average daily volume of 27,154 shares. The stock had previously closed at $129.56.

First Trust Mid Cap Core AlphaDEX Fund Price Performance

The company has a 50-day simple moving average of $133.92 and a two-hundred day simple moving average of $128.22. The stock has a market capitalization of $1.21 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 company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were given a dividend of $0.3914 per share. This is an increase 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 1.2%. The ex-dividend date was Friday, December 12th.

Institutional Trading of First Trust Mid Cap Core AlphaDEX Fund

Several hedge funds have recently bought and sold shares of FNX. Northwestern Mutual Wealth Management Co. grew its position in First Trust Mid Cap Core AlphaDEX Fund by 1,910.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,392,336 shares of the company’s stock worth $175,406,000 after purchasing an additional 1,323,065 shares during the last quarter. Perryman Financial Advisory Inc. AD bought a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund during the fourth quarter valued at approximately $8,838,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund during the second quarter valued at approximately $7,460,000. LPL Financial LLC boosted its position in shares of First Trust Mid Cap Core AlphaDEX Fund by 5.5% during the fourth quarter. LPL Financial LLC now owns 934,661 shares of the company’s stock worth $117,744,000 after buying an additional 48,416 shares during the period. Finally, Virtu Financial LLC acquired a new position in shares of First Trust Mid Cap Core AlphaDEX Fund during the third quarter worth approximately $2,310,000.

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.