First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Stock Price Down 1.5% – Should You Sell?

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX)’s share price was down 1.5% during mid-day trading on Thursday . The company traded as low as $121.78 and last traded at $121.99. Approximately 13,689 shares changed hands during trading, a decline of 49% from the average daily volume of 26,746 shares. The stock had previously closed at $123.81.

First Trust Mid Cap Core AlphaDEX Fund Price Performance

The company has a market cap of $1.15 billion, a P/E ratio of 14.19 and a beta of 1.12. The stock has a fifty day moving average price of $125.02 and a two-hundred day moving average price of $118.09.

First Trust Mid Cap Core AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were paid a $0.1937 dividend. This represents a $0.77 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Thursday, September 25th.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. World Equity Group Inc. lifted its position in shares of First Trust Mid Cap Core AlphaDEX Fund by 2.3% in the 3rd quarter. World Equity Group Inc. now owns 3,547 shares of the company’s stock worth $445,000 after acquiring an additional 79 shares during the period. Park National Corp OH boosted its stake in First Trust Mid Cap Core AlphaDEX Fund by 0.8% in the second quarter. Park National Corp OH now owns 10,919 shares of the company’s stock worth $1,254,000 after purchasing an additional 90 shares in the last quarter. LVZ Inc. grew its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 0.7% during the second quarter. LVZ Inc. now owns 16,275 shares of the company’s stock worth $1,869,000 after purchasing an additional 121 shares during the last quarter. BKM Wealth Management LLC lifted its position in First Trust Mid Cap Core AlphaDEX Fund by 7.5% during the 2nd quarter. BKM Wealth Management LLC now owns 1,942 shares of the company’s stock worth $223,000 after buying an additional 136 shares in the last quarter. Finally, Apollon Wealth Management LLC grew its holdings in First Trust Mid Cap Core AlphaDEX Fund by 4.2% during the 1st quarter. Apollon Wealth Management LLC now owns 4,700 shares of the company’s stock worth $512,000 after acquiring an additional 188 shares during the last quarter.

First Trust Mid Cap Core AlphaDEX Fund Company Profile

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.