First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Reaches New 12-Month High – Time to Buy?

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNXGet Free Report)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $142.27 and last traded at $141.4510, with a volume of 4886 shares trading hands. The stock had previously closed at $139.45.

First Trust Mid Cap Core AlphaDEX Fund Stock Down 1.2%

The stock’s 50-day moving average price is $136.90 and its 200-day moving average price is $132.93. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 14.19 and a beta of 1.06.

First Trust Mid Cap Core AlphaDEX Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a dividend of $0.3141 per share. This represents a $1.26 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Thursday, March 26th.

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

A number of institutional investors and hedge funds have recently modified their holdings of the business. Private Advisor Group LLC raised its stake in shares of First Trust Mid Cap Core AlphaDEX Fund by 0.3% during the first quarter. Private Advisor Group LLC now owns 26,420 shares of the company’s stock worth $3,388,000 after buying an additional 78 shares during the last quarter. FWG Holdings LLC increased its stake in First Trust Mid Cap Core AlphaDEX Fund by 1.0% in the fourth quarter. FWG Holdings LLC now owns 11,216 shares of the company’s stock valued at $1,485,000 after purchasing an additional 109 shares in the last quarter. Rathbones Group PLC increased its stake in First Trust Mid Cap Core AlphaDEX Fund by 2.4% in the fourth quarter. Rathbones Group PLC now owns 5,499 shares of the company’s stock valued at $693,000 after purchasing an additional 128 shares in the last quarter. Perigon Wealth Management LLC increased its stake in First Trust Mid Cap Core AlphaDEX Fund by 0.9% in the fourth quarter. Perigon Wealth Management LLC now owns 16,911 shares of the company’s stock valued at $2,130,000 after purchasing an additional 143 shares in the last quarter. Finally, Equitable Holdings Inc. increased its stake in First Trust Mid Cap Core AlphaDEX Fund by 1.9% in the fourth quarter. Equitable Holdings Inc. now owns 9,084 shares of the company’s stock valued at $1,144,000 after purchasing an additional 166 shares in 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.

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