First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Stock Price Up 1.2% – Here’s What Happened

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX)’s share price rose 1.2% on Friday . The company traded as high as $117.17 and last traded at $117.17. Approximately 13,896 shares traded hands during mid-day trading, a decline of 32% from the average daily volume of 20,398 shares. The stock had previously closed at $115.77.

First Trust Mid Cap Core AlphaDEX Fund Trading Up 1.2 %

The firm’s 50 day simple moving average is $120.56 and its 200-day simple moving average is $115.66. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 13.43 and a beta of 1.20.

First Trust Mid Cap Core AlphaDEX Fund Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.4657 per share. The ex-dividend date of this dividend was Friday, December 13th. This is a boost from First Trust Mid Cap Core AlphaDEX Fund’s previous dividend of $0.35.

Hedge Funds Weigh In On First Trust Mid Cap Core AlphaDEX Fund

A number of institutional investors have recently added to or reduced their stakes in the company. Larson Financial Group LLC increased 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 worth $112,000 after buying an additional 930 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of First Trust Mid Cap Core AlphaDEX Fund during the 2nd quarter worth approximately $177,000. LPL Financial LLC raised its stake in First Trust Mid Cap Core AlphaDEX Fund by 1.3% in the 2nd quarter. LPL Financial LLC now owns 860,681 shares of the company’s stock valued at $93,407,000 after acquiring an additional 11,453 shares during the period. Virtu Financial LLC acquired a new stake in First Trust Mid Cap Core AlphaDEX Fund during the 2nd quarter valued at $1,606,000. Finally, Concorde Asset Management LLC bought a new position in First Trust Mid Cap Core AlphaDEX Fund during the second quarter worth $1,866,000.

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.