First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Sees Unusually-High Trading Volume – Time to Buy?

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) shares saw strong trading volume on Thursday. Approximately 14,402 shares changed hands during mid-day trading, a decline of 33% from the previous session’s volume of 21,344 shares. The stock last traded at $138.6310 and had previously closed at $138.85.

First Trust Mid Cap Core AlphaDEX Fund Stock Performance

The company has a market cap of $1.35 billion, a P/E ratio of 14.19 and a beta of 1.07. The stock has a 50-day simple moving average of $140.82 and a 200 day simple moving average of $140.71.

First Trust Mid Cap Core AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were given a $0.4106 dividend. This represents a $1.64 annualized dividend and a yield of 1.2%. This is a boost from First Trust Mid Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.2660. The ex-dividend date of this dividend was Thursday, September 24th.

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

Several institutional investors and hedge funds have recently made changes to their positions in FNX. Mather Group LLC. acquired a new position in First Trust Mid Cap Core AlphaDEX Fund in the third quarter valued at about $27,000. Ascentis Independent Advisors bought a new stake in First Trust Mid Cap Core AlphaDEX Fund during the 1st quarter worth about $31,000. Compass Financial Management LLC acquired a new stake in First Trust Mid Cap Core AlphaDEX Fund in the 2nd quarter valued at about $150,000. Parallel Advisors LLC increased 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 purchasing an additional 952 shares in the last quarter. Finally, Boston Standard Wealth Management LLC bought a new stake in First Trust Mid Cap Core AlphaDEX Fund during the 2nd quarter worth about $204,000.

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.