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

Shares of First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) traded up 0.3% on Monday . The company traded as high as $55.83 and last traded at $55.63. 13,748 shares were traded during trading, a decline of 15% from the average session volume of 16,211 shares. The stock had previously closed at $55.45.

First Trust Mid Cap Value AlphaDEX Fund Price Performance

The firm has a market capitalization of $225.28 million, a price-to-earnings ratio of 10.86 and a beta of 1.29. The business has a 50 day moving average of $54.24 and a 200 day moving average of $53.10.

First Trust Mid Cap Value AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were paid a dividend of $0.2554 per share. This is a boost from First Trust Mid Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.02 dividend on an annualized basis and a yield of 1.84%.

Institutional Trading of First Trust Mid Cap Value AlphaDEX Fund

A number of large investors have recently bought and sold shares of the stock. GAMMA Investing LLC grew its stake in First Trust Mid Cap Value AlphaDEX Fund by 95.1% during the second quarter. GAMMA Investing LLC now owns 1,816 shares of the company’s stock worth $93,000 after buying an additional 885 shares during the last quarter. Great Valley Advisor Group Inc. bought a new stake in First Trust Mid Cap Value AlphaDEX Fund during the 3rd quarter worth approximately $214,000. Jane Street Group LLC acquired a new stake in First Trust Mid Cap Value AlphaDEX Fund during the 3rd quarter valued at $223,000. Moors & Cabot Inc. bought a new position in First Trust Mid Cap Value AlphaDEX Fund in the 3rd quarter valued at $235,000. Finally, Jaffetilchin Investment Partners LLC acquired a new position in First Trust Mid Cap Value AlphaDEX Fund in the first quarter worth $256,000.

About First Trust Mid Cap Value AlphaDEX Fund

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.