First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) Raises Dividend to $0.28 Per Share

Posted by Stanley Muller on Sep 24th, 2026

First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK – Get Free Report) declared a quarterly dividend on Wednesday, September 23rd. Stockholders of record on Thursday, September 24th will be given a dividend of 0.2757 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Thursday, September 24th. This is a 64.5% increase from First Trust Mid Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.17.

First Trust Mid Cap Value AlphaDEX Fund Trading Down 0.6%

NASDAQ FNK opened at $60.51 on Thursday. First Trust Mid Cap Value AlphaDEX Fund has a 12 month low of $51.98 and a 12 month high of $65.14. The stock has a market cap of $217.84 million, a price-to-earnings ratio of 10.44 and a beta of 0.96. The company’s 50 day moving average is $63.71 and its two-hundred day moving average is $60.77.

Institutional Trading of First Trust Mid Cap Value AlphaDEX Fund

Several institutional investors and hedge funds have recently made changes to their positions in FNK. Bessemer Group Inc. bought a new position in shares of First Trust Mid Cap Value AlphaDEX Fund during the 1st quarter worth $26,000. Parallel Advisors LLC purchased a new position in First Trust Mid Cap Value AlphaDEX Fund during the 1st quarter valued at about $110,000. Rockefeller Capital Management L.P. raised its holdings in shares of First Trust Mid Cap Value AlphaDEX Fund by 69.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,876 shares of the company’s stock valued at $160,000 after purchasing an additional 1,183 shares in the last quarter. RFG Advisory LLC purchased a new stake in shares of First Trust Mid Cap Value AlphaDEX Fund in the 2nd quarter worth approximately $202,000. Finally, Kestra Advisory Services LLC boosted its stake in shares of First Trust Mid Cap Value AlphaDEX Fund by 23.5% during the first quarter. Kestra Advisory Services LLC now owns 10,335 shares of the company’s stock valued at $590,000 after purchasing an additional 1,966 shares in the last quarter.

First Trust Mid Cap Value AlphaDEX Fund Company Profile

(Get Free Report)

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.