First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Sees Large Volume Increase – Here’s What Happened

Shares of First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) saw unusually-strong trading volume on Wednesday . Approximately 50,775 shares traded hands during trading, an increase of 82% from the previous session’s volume of 27,909 shares.The stock last traded at $128.3140 and had previously closed at $128.97.

First Trust Mid Cap Core AlphaDEX Fund Stock Down 0.4%

The company has a market cap of $1.20 billion, a P/E ratio of 14.19 and a beta of 1.12. The stock’s 50-day moving average price is $133.90 and its 200 day moving average price is $128.37.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of FNX. Northwestern Mutual Wealth Management Co. boosted its stake in First Trust Mid Cap Core AlphaDEX Fund by 1,910.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,392,336 shares of the company’s stock valued at $175,406,000 after purchasing an additional 1,323,065 shares during the period. Perryman Financial Advisory Inc. AD acquired a new stake in First Trust Mid Cap Core AlphaDEX Fund during the fourth quarter valued at approximately $8,838,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund in the 2nd quarter valued at approximately $7,460,000. LPL Financial LLC grew its stake in shares of First Trust Mid Cap Core AlphaDEX Fund by 5.5% in the 4th quarter. LPL Financial LLC now owns 934,661 shares of the company’s stock valued at $117,744,000 after purchasing an additional 48,416 shares during the period. Finally, Virtu Financial LLC acquired a new position in shares of First Trust Mid Cap Core AlphaDEX Fund in the 3rd quarter worth approximately $2,310,000.

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.