First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Hits New 1-Year High – Here’s What Happened

Shares of First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX – Get Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as $146.41 and last traded at $146.2030, with a volume of 4031 shares changing hands. The stock had previously closed at $145.73.

First Trust Mid Cap Core AlphaDEX Fund Trading Up 0.7%

The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 14.19 and a beta of 1.05. The stock’s 50 day moving average is $140.24 and its two-hundred day moving average is $134.82.

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First Trust Mid Cap Core AlphaDEX Fund Cuts Dividend

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

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

Several hedge funds have recently made changes to their positions in FNX. Northwestern Mutual Wealth Management Co. increased its position in First Trust Mid Cap Core AlphaDEX Fund by 1,910.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,392,336 shares of the company’s stock valued at $175,406,000 after acquiring an additional 1,323,065 shares during the period. Morgan Stanley lifted its position in First Trust Mid Cap Core AlphaDEX Fund by 0.5% during the 4th quarter. Morgan Stanley now owns 1,050,519 shares of the company’s stock worth $132,340,000 after acquiring an additional 5,458 shares during the period. LPL Financial LLC lifted its position in First Trust Mid Cap Core AlphaDEX Fund by 5.5% during the 4th quarter. LPL Financial LLC now owns 934,661 shares of the company’s stock worth $117,744,000 after acquiring an additional 48,416 shares during the period. Wells Fargo & Company MN grew its stake in shares of First Trust Mid Cap Core AlphaDEX Fund by 1.9% in the 4th quarter. Wells Fargo & Company MN now owns 679,379 shares of the company’s stock valued at $85,585,000 after purchasing an additional 12,936 shares during the last quarter. Finally, Royal Bank of Canada grew its stake in shares of First Trust Mid Cap Core AlphaDEX Fund by 4.8% in the 1st quarter. Royal Bank of Canada now owns 273,951 shares of the company’s stock valued at $35,132,000 after purchasing an additional 12,540 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.

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