First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Sets New 52-Week Low – Here’s What Happened

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX)’s share price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $104.21 and last traded at $104.35, with a volume of 9413 shares changing hands. The stock had previously closed at $111.14.

First Trust Mid Cap Core AlphaDEX Fund Stock Down 4.8 %

The stock has a market capitalization of $1.00 billion, a PE ratio of 14.61 and a beta of 1.20. The business’s fifty day moving average is $113.87 and its 200-day moving average is $117.29.

First Trust Mid Cap Core AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were issued a dividend of $0.2561 per share. The ex-dividend date was Thursday, March 27th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.04%.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in FNX. Golden State Wealth Management LLC purchased a new position in shares of First Trust Mid Cap Core AlphaDEX Fund in the 4th quarter valued at $31,000. Global Retirement Partners LLC raised its position in First Trust Mid Cap Core AlphaDEX Fund by 19.0% in the fourth quarter. Global Retirement Partners LLC now owns 953 shares of the company’s stock valued at $110,000 after purchasing an additional 152 shares during the period. JPMorgan Chase & Co. raised its position in First Trust Mid Cap Core AlphaDEX Fund by 53.1% in the fourth quarter. JPMorgan Chase & Co. now owns 1,424 shares of the company’s stock valued at $165,000 after purchasing an additional 494 shares during the period. J.W. Cole Advisors Inc. acquired a new position in shares of First Trust Mid Cap Core AlphaDEX Fund during the fourth quarter worth about $201,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund in the fourth quarter worth about $205,000.

First Trust Mid Cap Core AlphaDEX Fund Company Profile

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.