First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) Stock Price Up 1.7% – Here’s Why

Posted by George Bondi on May 21st, 2026

First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK – Get Free Report) traded up 1.7% during mid-day trading on Wednesday . The stock traded as high as $58.83 and last traded at $58.83. 14,192 shares changed hands during trading, an increase of 73% from the average session volume of 8,184 shares. The stock had previously closed at $57.82.

First Trust Mid Cap Value AlphaDEX Fund Stock Performance

The company has a 50-day simple moving average of $58.12 and a 200-day simple moving average of $57.44. The company has a market cap of $211.79 million, a price-to-earnings ratio of 10.44 and a beta of 0.98.

First Trust Mid Cap Value AlphaDEX Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a dividend of $0.252 per share. The ex-dividend date was Thursday, March 26th. This represents a $1.01 annualized dividend and a yield of 1.7%.

Hedge Funds Weigh In On First Trust Mid Cap Value AlphaDEX Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bessemer Group Inc. acquired a new position in First Trust Mid Cap Value AlphaDEX Fund during the 1st quarter worth approximately $26,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of First Trust Mid Cap Value AlphaDEX Fund in the 3rd quarter worth approximately $31,000. Sound Income Strategies LLC acquired a new stake in shares of First Trust Mid Cap Value AlphaDEX Fund in the 4th quarter worth approximately $58,000. Parallel Advisors LLC acquired a new stake in shares of First Trust Mid Cap Value AlphaDEX Fund in the 1st quarter worth approximately $110,000. Finally, Geneos Wealth Management Inc. grew its holdings in shares of First Trust Mid Cap Value AlphaDEX Fund by 200.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 2,400 shares of the company’s stock worth $124,000 after acquiring an additional 1,600 shares during the period.

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.