First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Sees Large Volume Increase – Still a Buy?

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) saw an uptick in trading volume on Thursday . 82,699 shares traded hands during trading, an increase of 139% from the previous session’s volume of 34,632 shares.The stock last traded at $111.33 and had previously closed at $111.76.

First Trust Mid Cap Core AlphaDEX Fund Price Performance

The company has a market capitalization of $1.13 billion, a PE ratio of 14.75 and a beta of 1.20. The company has a 50-day moving average of $106.51 and a two-hundred day moving average of $113.63.

First Trust Mid Cap Core AlphaDEX Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were given a dividend of $0.2561 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.02 annualized dividend and a yield of 0.91%.

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

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Anderson Financial Strategies LLC bought a new stake in First Trust Mid Cap Core AlphaDEX Fund during the first quarter valued at about $54,000. Jane Street Group LLC bought a new stake in First Trust Mid Cap Core AlphaDEX Fund during the first quarter valued at about $267,000. Per Stirling Capital Management LLC. raised its holdings in First Trust Mid Cap Core AlphaDEX Fund by 4.1% during the first quarter. Per Stirling Capital Management LLC. now owns 64,971 shares of the company’s stock valued at $7,081,000 after acquiring an additional 2,551 shares during the period. Comerica Bank raised its holdings in First Trust Mid Cap Core AlphaDEX Fund by 2.7% during the first quarter. Comerica Bank now owns 19,440 shares of the company’s stock valued at $2,119,000 after acquiring an additional 516 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in First Trust Mid Cap Core AlphaDEX Fund by 27.7% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 47,748 shares of the company’s stock valued at $5,204,000 after acquiring an additional 10,344 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.