First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Reaches New 12-Month High – What’s Next?

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $142.27 and last traded at $141.4510, with a volume of 4886 shares trading hands. The stock had previously closed at $139.45.

First Trust Mid Cap Core AlphaDEX Fund Stock Up 0.4%

The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 14.19 and a beta of 1.06. The stock has a fifty day moving average of $136.31 and a 200-day moving average of $132.63.

First Trust Mid Cap Core AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were issued a $0.3141 dividend. This represents a $1.26 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, March 26th.

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

Several large investors have recently modified their holdings of FNX. Ascentis Independent Advisors acquired a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund in the first quarter valued at approximately $31,000. Russell Investments Group Ltd. boosted its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 5,077.8% in the third quarter. Russell Investments Group Ltd. now owns 466 shares of the company’s stock valued at $58,000 after acquiring an additional 457 shares during the period. MidFirst Bank acquired a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund in the fourth quarter valued at approximately $92,000. Parallel Advisors LLC boosted its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 942.6% in the first quarter. Parallel Advisors LLC now owns 1,053 shares of the company’s stock valued at $135,000 after acquiring an additional 952 shares during the period. Finally, Advisory Services Network LLC acquired a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund in the third quarter valued at approximately $136,000.

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.