First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Sets New 1-Year High – Time to Buy?

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $121.42 and last traded at $121.42, with a volume of 202 shares. The stock had previously closed at $117.50.

First Trust Mid Cap Core AlphaDEX Fund Stock Down 0.1 %

The company’s 50 day moving average price is $115.96 and its 200 day moving average price is $112.33. The firm has a market capitalization of $1.31 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 firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a $0.4808 dividend. This represents a $1.92 annualized dividend and a yield of 1.57%. This is a positive change from First Trust Mid Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.44. The ex-dividend date was Thursday, September 26th.

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

Hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. lifted its holdings in First Trust Mid Cap Core AlphaDEX Fund by 0.4% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 301,936 shares of the company’s stock worth $32,768,000 after buying an additional 1,154 shares in the last quarter. Atria Wealth Solutions Inc. lifted its holdings in First Trust Mid Cap Core AlphaDEX Fund by 2,399.0% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 64,024 shares of the company’s stock worth $6,948,000 after buying an additional 61,462 shares in the last quarter. Western Wealth Management LLC raised its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 4.4% in the 2nd quarter. Western Wealth Management LLC now owns 18,656 shares of the company’s stock valued at $2,025,000 after purchasing an additional 780 shares in the last quarter. Priebe Wealth Holdings LLC raised its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 10.0% in the 2nd quarter. Priebe Wealth Holdings LLC now owns 28,830 shares of the company’s stock valued at $3,129,000 after purchasing an additional 2,630 shares in the last quarter. Finally, GAMMA Investing LLC acquired a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund in the 2nd quarter valued at $101,000.

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.