First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Reaches New 1-Year High – Should You Buy?

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $141.00 and last traded at $140.84, with a volume of 1916 shares traded. The stock had previously closed at $138.78.

First Trust Mid Cap Core AlphaDEX Fund Trading Up 1.5%

The firm has a market cap of $1.35 billion, a P/E ratio of 14.19 and a beta of 1.07. The company’s 50-day moving average is $133.75 and its two-hundred day moving average is $131.34.

First Trust Mid Cap Core AlphaDEX Fund Cuts Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Thursday, March 26th.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. boosted its holdings 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 worth $175,406,000 after acquiring an additional 1,323,065 shares during the last quarter. Bank of America Corp DE increased its position in shares of First Trust Mid Cap Core AlphaDEX Fund by 57.0% during the first quarter. Bank of America Corp DE now owns 205,567 shares of the company’s stock valued at $26,362,000 after acquiring an additional 74,594 shares during the last quarter. Perryman Financial Advisory Inc. AD purchased a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund during the fourth quarter valued at approximately $8,838,000. LPL Financial LLC lifted its holdings in First Trust Mid Cap Core AlphaDEX Fund by 5.5% during the fourth quarter. LPL Financial LLC now owns 934,661 shares of the company’s stock worth $117,744,000 after acquiring an additional 48,416 shares during the period. Finally, First Trust Advisors LP lifted its holdings in First Trust Mid Cap Core AlphaDEX Fund by 1,359.9% during the first quarter. First Trust Advisors LP now owns 32,527 shares of the company’s stock worth $4,171,000 after acquiring an additional 30,299 shares during the period.

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.