First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) Stock Price Up 0.7% – Here’s Why

Shares of First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) traded up 0.7% during trading on Friday . The company traded as high as $53.76 and last traded at $53.74. 50,366 shares changed hands during trading, a decline of 34% from the average session volume of 76,533 shares. The stock had previously closed at $53.38.

First Trust Mid Cap Value AlphaDEX Fund Price Performance

The company has a fifty day moving average price of $55.26 and a two-hundred day moving average price of $53.81. The company has a market capitalization of $217.65 million, a P/E ratio of 10.86 and a beta of 1.29.

First Trust Mid Cap Value AlphaDEX Fund Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a $0.291 dividend. The ex-dividend date of this dividend was Friday, December 13th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. GAMMA Investing LLC boosted its holdings in First Trust Mid Cap Value AlphaDEX Fund by 11.5% in the fourth quarter. GAMMA Investing LLC now owns 2,025 shares of the company’s stock valued at $108,000 after acquiring an additional 209 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of First Trust Mid Cap Value AlphaDEX Fund in the 3rd quarter valued at $223,000. Stifel Financial Corp boosted its stake in shares of First Trust Mid Cap Value AlphaDEX Fund by 6.5% in the 3rd quarter. Stifel Financial Corp now owns 24,407 shares of the company’s stock valued at $1,330,000 after purchasing an additional 1,479 shares during the last quarter. Benjamin Edwards Inc. bought a new position in First Trust Mid Cap Value AlphaDEX Fund during the third quarter worth $1,786,000. Finally, Great Valley Advisor Group Inc. acquired a new position in First Trust Mid Cap Value AlphaDEX Fund in the third quarter valued at $214,000.

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.