First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Sets New 1-Year High – Here’s Why

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $138.71 and last traded at $137.42, with a volume of 28363 shares traded. The stock had previously closed at $137.74.

First Trust Mid Cap Core AlphaDEX Fund Stock Up 1.0%

The company has a market cap of $1.28 billion, a price-to-earnings ratio of 14.19 and a beta of 1.12. The business has a 50-day simple moving average of $131.53 and a two-hundred day simple moving average of $126.16.

First Trust Mid Cap Core AlphaDEX Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were issued a $0.3914 dividend. This is an increase from First Trust Mid Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.19. The ex-dividend date was Friday, December 12th. This represents a $1.57 annualized dividend and a yield of 1.1%.

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

A number of institutional investors have recently modified their holdings of the company. Mather Group LLC. bought a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund during the 3rd quarter worth $25,000. MTM Investment Management LLC bought a new stake in First Trust Mid Cap Core AlphaDEX Fund during the second quarter valued at about $28,000. Atlantic Union Bankshares Corp acquired a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund in the second quarter valued at about $44,000. Blair William & Co. IL acquired a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund in the second quarter valued at about $47,000. Finally, Russell Investments Group Ltd. increased its stake 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 worth $58,000 after purchasing an additional 457 shares during the period.

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.