First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) Shares Pass Above 200 Day Moving Average – Here’s Why

First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $53.24 and traded as high as $58.11. First Trust Mid Cap Value AlphaDEX Fund shares last traded at $57.73, with a volume of 7,047 shares changing hands.

First Trust Mid Cap Value AlphaDEX Fund Price Performance

The company has a 50-day moving average of $54.67 and a two-hundred day moving average of $53.24. The company has a market capitalization of $233.80 million, a PE ratio of 10.86 and a beta of 1.29.

First Trust Mid Cap Value AlphaDEX Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a $0.2554 dividend. This is a positive change from First Trust Mid Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.21. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend was Thursday, September 26th.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. Jane Street Group LLC bought a new position in shares of First Trust Mid Cap Value AlphaDEX Fund during the third quarter worth $223,000. Stifel Financial Corp increased its holdings in 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 acquiring an additional 1,479 shares during the last quarter. Benjamin Edwards Inc. purchased a new stake in First Trust Mid Cap Value AlphaDEX Fund in the 3rd quarter worth $1,786,000. Great Valley Advisor Group Inc. bought a new position in shares of First Trust Mid Cap Value AlphaDEX Fund during the 3rd quarter valued at about $214,000. Finally, Moors & Cabot Inc. purchased a new position in shares of First Trust Mid Cap Value AlphaDEX Fund during the third quarter valued at about $235,000.

First Trust Mid Cap Value AlphaDEX Fund Company Profile

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.