First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Sees Strong Trading Volume

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) shares saw strong trading volume on Friday . 75,982 shares were traded during mid-day trading, an increase of 161% from the previous session’s volume of 29,105 shares.The stock last traded at $112.22 and had previously closed at $110.79.

First Trust Mid Cap Core AlphaDEX Fund Stock Up 1.5 %

The business’s 50-day simple moving average is $109.37 and its two-hundred day simple moving average is $107.22. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 13.43 and a beta of 1.20.

First Trust Mid Cap Core AlphaDEX Fund Increases Dividend

The business also recently declared a dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were given a dividend of $0.3468 per share. The ex-dividend date of this dividend was Thursday, June 27th. This is an increase from First Trust Mid Cap Core AlphaDEX Fund’s previous dividend of $0.17.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Anchor Investment Management LLC acquired a new stake in First Trust Mid Cap Core AlphaDEX Fund in the 4th quarter valued at about $29,000. Tower Research Capital LLC TRC grew its stake in shares of First Trust Mid Cap Core AlphaDEX Fund by 97.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 528 shares of the company’s stock valued at $55,000 after buying an additional 261 shares during the period. Principal Securities Inc. purchased a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund in the 4th quarter valued at approximately $84,000. GAMMA Investing LLC purchased a new position in shares of First Trust Mid Cap Core AlphaDEX Fund during the 2nd quarter worth approximately $101,000. Finally, BKM Wealth Management LLC purchased a new position in shares of First Trust Mid Cap Core AlphaDEX Fund during the 4th quarter worth approximately $185,000.

About First Trust Mid Cap Core AlphaDEX Fund

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.