First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Sees Strong Trading Volume – What’s Next?

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) shares saw an uptick in trading volume on Thursday . 56,861 shares traded hands during trading, an increase of 95% from the previous session’s volume of 29,221 shares.The stock last traded at $119.77 and had previously closed at $119.15.

First Trust Mid Cap Core AlphaDEX Fund Stock Up 0.5 %

The company’s fifty day moving average price is $120.37 and its 200 day moving average price is $116.30. The company has a market capitalization of $1.28 billion, a P/E ratio of 13.43 and a beta of 1.20.

First Trust Mid Cap Core AlphaDEX Fund Increases Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Pure Financial Advisors LLC bought a new position in First Trust Mid Cap Core AlphaDEX Fund in the fourth quarter valued at about $239,000. Schrum Private Wealth Management LLC acquired a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund in the 3rd quarter valued at approximately $249,000. Elios Financial Group Inc. bought a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund during the 3rd quarter valued at approximately $272,000. FMR LLC increased its position in First Trust Mid Cap Core AlphaDEX Fund by 8.4% during the 3rd quarter. FMR LLC now owns 2,648 shares of the company’s stock worth $310,000 after purchasing an additional 205 shares in the last quarter. Finally, Good Life Advisors LLC bought a new position in First Trust Mid Cap Core AlphaDEX Fund in the 3rd quarter valued at approximately $331,000.

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.