First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Sees Strong Trading Volume

Shares of First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) saw strong trading volume on Tuesday . 54,425 shares were traded during mid-day trading, an increase of 96% from the previous session’s volume of 27,776 shares.The stock last traded at $115.37 and had previously closed at $117.15.

First Trust Mid Cap Core AlphaDEX Fund Trading Down 0.6 %

The company has a 50 day simple moving average of $113.26 and a 200 day simple moving average of $110.86. The stock has a market cap of $1.23 billion, a P/E ratio of 13.43 and a beta of 1.20.

First Trust Mid Cap Core AlphaDEX Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a $0.4808 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend was Thursday, September 26th. This is a positive change from First Trust Mid Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.44.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in FNX. GAMMA Investing LLC acquired a new position in shares of First Trust Mid Cap Core AlphaDEX Fund during the 2nd quarter worth about $101,000. Larson Financial Group LLC boosted its position in First Trust Mid Cap Core AlphaDEX Fund by 911.8% during the second quarter. Larson Financial Group LLC now owns 1,032 shares of the company’s stock valued at $112,000 after purchasing an additional 930 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in First Trust Mid Cap Core AlphaDEX Fund in the second quarter valued at approximately $177,000. International Assets Investment Management LLC acquired a new position in shares of First Trust Mid Cap Core AlphaDEX Fund during the 2nd quarter worth approximately $193,000. Finally, M3 Advisory Group LLC acquired a new position in shares of First Trust Mid Cap Core AlphaDEX Fund during the 4th quarter worth approximately $201,000.

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.