First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Sees Large Volume Increase – Should You Buy?

Shares of First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX – Get Free Report) saw unusually-high trading volume on Thursday . 18,894 shares were traded during trading, a decline of 28% from the previous session’s volume of 26,264 shares.The stock last traded at $142.65 and had previously closed at $141.49.

First Trust Mid Cap Core AlphaDEX Fund Trading Up 1.1%

The company has a 50 day moving average of $140.80 and a 200 day moving average of $135.39. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 14.19 and a beta of 1.05.

Get First Trust Mid Cap Core AlphaDEX Fund alerts:

First Trust Mid Cap Core AlphaDEX Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a $0.266 dividend. This represents a $1.06 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Thursday, June 25th.

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

A number of hedge funds have recently made changes to their positions in FNX. Jane Street Group LLC acquired a new position in First Trust Mid Cap Core AlphaDEX Fund in the first quarter valued at about $267,000. Two Sigma Securities LLC acquired a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund during the second quarter worth approximately $325,000. Truefg LLC acquired a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund during the second quarter worth approximately $266,000. Geneos Wealth Management Inc. raised its stake in shares of First Trust Mid Cap Core AlphaDEX Fund by 101.9% in the second quarter. Geneos Wealth Management Inc. now owns 3,457 shares of the company’s stock valued at $397,000 after acquiring an additional 1,745 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of First Trust Mid Cap Core AlphaDEX Fund by 5,077.8% in the third quarter. Russell Investments Group Ltd. now owns 466 shares of the company’s stock valued at $58,000 after acquiring an additional 457 shares during the last quarter.

About First Trust Mid Cap Core AlphaDEX Fund

(Get Free Report)

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.

Featured Articles

• Five stocks we like better than First Trust Mid Cap Core AlphaDEX Fund
• Constellation Brands: Beer Growth and Buybacks Mask Stock’s Slump
• Lockheed Martin Secures the Ultimate Defense Moat
• Grounded: SpaceX Stumbles as Grok Fails to Ignite
• Fiserv’s Debit Network Talks Raise a Bigger Question for Visa and Mastercard

Receive News & Ratings for First Trust Mid Cap Core AlphaDEX Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Mid Cap Core AlphaDEX Fund and related companies with MarketBeat.com's FREE daily email newsletter.