First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Reaches New 52-Week High – Time to Buy?

Shares of First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) hit a new 52-week high during trading on Monday . The company traded as high as $144.31 and last traded at $143.65, with a volume of 9228 shares trading hands. The stock had previously closed at $143.65.

First Trust Mid Cap Core AlphaDEX Fund Stock Performance

The firm has a market cap of $1.39 billion, a P/E ratio of 14.19 and a beta of 1.06. The stock’s 50 day simple moving average is $137.47 and its 200 day simple moving average is $133.24.

First Trust Mid Cap Core AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were paid a dividend of $0.3141 per share. This represents a $1.26 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Thursday, March 26th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. NewEdge Advisors LLC lifted its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 4.1% in the first quarter. NewEdge Advisors LLC now owns 11,156 shares of the company’s stock valued at $1,431,000 after purchasing an additional 440 shares in the last quarter. Western Wealth Management LLC lifted its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 2.4% in the first quarter. Western Wealth Management LLC now owns 37,693 shares of the company’s stock valued at $4,834,000 after purchasing an additional 873 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 57.0% in the first quarter. Bank of America Corp DE now owns 205,567 shares of the company’s stock valued at $26,362,000 after purchasing an additional 74,594 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 4.8% in the first quarter. Royal Bank of Canada now owns 273,951 shares of the company’s stock valued at $35,132,000 after purchasing an additional 12,540 shares in the last quarter. Finally, Cetera Investment Advisers lifted its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 1.2% in the first quarter. Cetera Investment Advisers now owns 198,133 shares of the company’s stock valued at $25,409,000 after purchasing an additional 2,319 shares in the last quarter.

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.