First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Sees Large Volume Increase

Shares of First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) saw an uptick in trading volume on Thursday . 42,797 shares traded hands during mid-day trading, an increase of 53% from the previous session’s volume of 28,048 shares.The stock last traded at $116.76 and had previously closed at $115.49.

First Trust Mid Cap Core AlphaDEX Fund Price Performance

The firm has a fifty day moving average price of $112.91 and a two-hundred day moving average price of $110.50. The stock has a market capitalization of $1.23 billion, a PE ratio of 13.43 and a beta of 1.20.

First Trust Mid Cap Core AlphaDEX Fund Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were issued a $0.3468 dividend. This is an increase from First Trust Mid Cap Core AlphaDEX Fund’s previous dividend of $0.17. The ex-dividend date was Thursday, June 27th.

Institutional Investors Weigh In On First Trust Mid Cap Core AlphaDEX Fund

Hedge funds and other institutional investors have recently modified their holdings of the business. LPL Financial LLC increased its holdings in First Trust Mid Cap Core AlphaDEX Fund by 1.3% during the 2nd quarter. LPL Financial LLC now owns 860,681 shares of the company’s stock worth $93,407,000 after purchasing an additional 11,453 shares during the period. Kestra Advisory Services LLC raised its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 16.0% in the first quarter. Kestra Advisory Services LLC now owns 345,678 shares of the company’s stock valued at $39,190,000 after acquiring an additional 47,752 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in First Trust Mid Cap Core AlphaDEX Fund by 0.4% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 301,936 shares of the company’s stock worth $32,768,000 after acquiring an additional 1,154 shares during the period. UBS Group AG lifted its stake in First Trust Mid Cap Core AlphaDEX Fund by 0.3% in the fourth quarter. UBS Group AG now owns 268,527 shares of the company’s stock worth $28,048,000 after acquiring an additional 768 shares during the period. Finally, Raymond James & Associates grew its holdings in First Trust Mid Cap Core AlphaDEX Fund by 10.0% during the 2nd quarter. Raymond James & Associates now owns 229,668 shares of the company’s stock worth $24,925,000 after acquiring an additional 20,815 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.