First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Shares Down 0.7% – Time to Sell?

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) shares traded down 0.7% during mid-day trading on Tuesday . The stock traded as low as $143.82 and last traded at $143.8120. 6,541 shares were traded during trading, a decline of 71% from the average session volume of 22,498 shares. The stock had previously closed at $144.86.

First Trust Mid Cap Core AlphaDEX Fund Stock Performance

The stock has a fifty day moving average of $144.50 and a 200 day moving average of $139.14. The company has a market capitalization of $1.36 billion, a PE ratio of 14.19 and a beta of 1.05.

First Trust Mid Cap Core AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a dividend of $0.266 per share. The ex-dividend date was Thursday, June 25th. This represents a $1.06 annualized dividend and a dividend yield of 0.8%.

Hedge Funds Weigh In On First Trust Mid Cap Core AlphaDEX Fund

A number of hedge funds and other institutional investors have recently modified their holdings of FNX. Private Advisor Group LLC increased its holdings in First Trust Mid Cap Core AlphaDEX Fund by 0.3% in the 1st quarter. Private Advisor Group LLC now owns 26,420 shares of the company’s stock valued at $3,388,000 after acquiring an additional 78 shares during the last quarter. Kaydan Wealth Management Inc. boosted its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 1.0% during the 2nd quarter. Kaydan Wealth Management Inc. now owns 12,109 shares of the company’s stock valued at $1,772,000 after purchasing an additional 118 shares during the last quarter. Rathbones Group PLC grew its position in shares of First Trust Mid Cap Core AlphaDEX Fund by 2.4% during the fourth quarter. Rathbones Group PLC now owns 5,499 shares of the company’s stock valued at $693,000 after purchasing an additional 128 shares in the last quarter. Equitable Holdings Inc. grew its position in shares of First Trust Mid Cap Core AlphaDEX Fund by 1.9% during the fourth quarter. Equitable Holdings Inc. now owns 9,084 shares of the company’s stock valued at $1,144,000 after purchasing an additional 166 shares in the last quarter. Finally, Richmond Investment Services LLC increased its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 4.8% in the first quarter. Richmond Investment Services LLC now owns 3,929 shares of the company’s stock worth $504,000 after purchasing an additional 181 shares during the last quarter.

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.