First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) Shares Down 0.9% – What’s Next?

First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) shares traded down 0.9% during mid-day trading on Wednesday . The stock traded as low as $64.16 and last traded at $64.1560. 2,722 shares were traded during trading, a decline of 60% from the average daily volume of 6,794 shares. The stock had previously closed at $64.73.

First Trust Mid Cap Value AlphaDEX Fund Trading Down 0.9%

The firm has a market capitalization of $230.96 million, a P/E ratio of 10.44 and a beta of 0.96. The company has a 50 day simple moving average of $61.50 and a two-hundred day simple moving average of $59.71.

First Trust Mid Cap Value AlphaDEX Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a $0.1676 dividend. This represents a $0.67 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Thursday, June 25th.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bessemer Group Inc. purchased a new position in First Trust Mid Cap Value AlphaDEX Fund during the first quarter valued at $26,000. Northwestern Mutual Wealth Management Co. purchased a new stake in First Trust Mid Cap Value AlphaDEX Fund in the 3rd quarter worth $31,000. Sound Income Strategies LLC bought a new position in shares of First Trust Mid Cap Value AlphaDEX Fund during the 4th quarter valued at about $58,000. Parallel Advisors LLC bought a new position in shares of First Trust Mid Cap Value AlphaDEX Fund during the 1st quarter valued at about $110,000. Finally, Geneos Wealth Management Inc. grew its position in shares of First Trust Mid Cap Value AlphaDEX Fund by 200.0% during the second quarter. Geneos Wealth Management Inc. now owns 2,400 shares of the company’s stock valued at $124,000 after purchasing an additional 1,600 shares in the last quarter.

First Trust Mid Cap Value AlphaDEX Fund Company Profile

The First Trust Mid Cap Value AlphaDEX Fund (FNK) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Mid Cap Value index. The fund tracks a mid-cap index that selects value stocks using quant methodology and applies an equal-tiered weighting scheme. FNK was launched on Apr 18, 2011 and is managed by First Trust.