First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) Trading Down 0.3% – Should You Sell?

First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) shares fell 0.3% on Wednesday . The stock traded as low as $60.27 and last traded at $60.3450. 9,532 shares were traded during mid-day trading, an increase of 24% from the average session volume of 7,710 shares. The stock had previously closed at $60.50.

First Trust Mid Cap Value AlphaDEX Fund Trading Up 0.8%

The company has a fifty day moving average of $59.12 and a two-hundred day moving average of $58.17. The stock has a market capitalization of $221.04 million, a price-to-earnings ratio of 10.44 and a beta of 0.96.

First Trust Mid Cap Value AlphaDEX Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a $0.252 dividend. This represents a $1.01 annualized dividend and a yield of 1.6%. The ex-dividend date was Thursday, March 26th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FNK. Kingsview Wealth Management LLC lifted its holdings in shares of First Trust Mid Cap Value AlphaDEX Fund by 100.0% during the fourth quarter. Kingsview Wealth Management LLC now owns 65,940 shares of the company’s stock worth $3,669,000 after buying an additional 32,970 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of First Trust Mid Cap Value AlphaDEX Fund during the fourth quarter worth approximately $1,473,000. Total Investment Management Inc. lifted its holdings in shares of First Trust Mid Cap Value AlphaDEX Fund by 1.5% during the fourth quarter. Total Investment Management Inc. now owns 1,329,591 shares of the company’s stock worth $73,990,000 after buying an additional 19,423 shares during the last quarter. Citadel Advisors LLC lifted its holdings in shares of First Trust Mid Cap Value AlphaDEX Fund by 53.7% during the third quarter. Citadel Advisors LLC now owns 44,666 shares of the company’s stock worth $2,468,000 after buying an additional 15,610 shares during the last quarter. Finally, Cetera Investment Advisers lifted its holdings in shares of First Trust Mid Cap Value AlphaDEX Fund by 17.3% during the first quarter. Cetera Investment Advisers now owns 105,572 shares of the company’s stock worth $6,026,000 after buying an additional 15,551 shares during the last quarter.

First Trust Mid Cap Value AlphaDEX Fund Company Profile

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.