First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Sees Large Volume Increase – Here’s Why

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) saw unusually-high trading volume on Thursday . Approximately 75,225 shares were traded during mid-day trading, an increase of 204% from the previous session’s volume of 24,780 shares.The stock last traded at $136.2220 and had previously closed at $135.37.

First Trust Mid Cap Core AlphaDEX Fund Trading Up 0.3%

The firm has a market capitalization of $1.26 billion, a PE ratio of 14.19 and a beta of 1.12. The firm has a 50 day simple moving average of $127.53 and a 200 day simple moving average of $124.17.

First Trust Mid Cap Core AlphaDEX Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were given a dividend of $0.3914 per share. This represents a $1.57 dividend on an annualized basis and a yield of 1.2%. This is a positive change from First Trust Mid Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.19. The ex-dividend date was Friday, December 12th.

Institutional Trading of First Trust Mid Cap Core AlphaDEX Fund

Several large investors have recently modified their holdings of the company. Jane Street Group LLC purchased a new position in shares of First Trust Mid Cap Core AlphaDEX Fund during the 1st quarter valued at about $267,000. Three Cord True Wealth Management LLC lifted its holdings in First Trust Mid Cap Core AlphaDEX Fund by 5.0% during the second quarter. Three Cord True Wealth Management LLC now owns 116,858 shares of the company’s stock valued at $13,421,000 after purchasing an additional 5,532 shares in the last quarter. Woodmont Investment Counsel LLC boosted its position in shares of First Trust Mid Cap Core AlphaDEX Fund by 15.1% in the second quarter. Woodmont Investment Counsel LLC now owns 6,007 shares of the company’s stock worth $690,000 after purchasing an additional 787 shares during the period. Trueblood Wealth Management LLC purchased a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund in the second quarter worth $202,000. Finally, McElhenny Sheffield Capital Management LLC purchased a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund in the second quarter worth $5,857,000.

About First Trust Mid Cap Core AlphaDEX Fund

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.