First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Sees Strong Trading Volume – Here’s Why

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) saw unusually-high trading volume on Thursday . Approximately 94,362 shares traded hands during trading, an increase of 174% from the previous session’s volume of 34,427 shares.The stock last traded at $121.33 and had previously closed at $121.29.

First Trust Mid Cap Core AlphaDEX Fund Stock Down 0.4 %

The stock has a market capitalization of $1.29 billion, a PE ratio of 13.43 and a beta of 1.20. The stock’s 50 day moving average price is $120.24 and its 200-day moving average price is $116.77.

First Trust Mid Cap Core AlphaDEX Fund Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a dividend of $0.4657 per share. This is a positive change from First Trust Mid Cap Core AlphaDEX Fund’s previous dividend of $0.35. The ex-dividend date was Friday, December 13th.

Institutional Trading of First Trust Mid Cap Core AlphaDEX Fund

Hedge funds have recently added to or reduced their stakes in the business. Woodmont Investment Counsel LLC increased its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 65.3% during the third quarter. Woodmont Investment Counsel LLC now owns 3,072 shares of the company’s stock valued at $360,000 after acquiring an additional 1,214 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 15.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 9,671 shares of the company’s stock valued at $1,133,000 after acquiring an additional 1,320 shares in the last quarter. Chicago Partners Investment Group LLC increased its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 2.2% during the third quarter. Chicago Partners Investment Group LLC now owns 59,909 shares of the company’s stock valued at $6,960,000 after acquiring an additional 1,288 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 10,294.5% during the third quarter. International Assets Investment Management LLC now owns 184,607 shares of the company’s stock valued at $21,627,000 after acquiring an additional 182,831 shares in the last quarter. Finally, Cedrus LLC acquired a new position in shares of First Trust Mid Cap Core AlphaDEX Fund during the third quarter valued at about $393,000.

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.