First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Sets New 12-Month High – Here’s What Happened

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) reached a new 52-week high on Wednesday . The stock traded as high as $140.66 and last traded at $140.31, with a volume of 2589 shares trading hands. The stock had previously closed at $139.32.

First Trust Mid Cap Core AlphaDEX Fund Price Performance

The firm has a 50 day moving average of $132.62 and a 200-day moving average of $130.29. The stock has a market capitalization of $1.34 billion, a P/E ratio of 14.19 and a beta of 1.07.

First Trust Mid Cap Core AlphaDEX Fund Cuts Dividend

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

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

A number of institutional investors have recently bought and sold shares of FNX. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of 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 period. Perryman Financial Advisory Inc. AD acquired a new position in First Trust Mid Cap Core AlphaDEX Fund in the fourth quarter worth about $8,838,000. LPL Financial LLC lifted its stake 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 purchasing an additional 48,416 shares during the period. Virtu Financial LLC acquired a new stake in First Trust Mid Cap Core AlphaDEX Fund during the third quarter valued at approximately $2,310,000. Finally, J.W. Cole Advisors Inc. grew its stake in shares of First Trust Mid Cap Core AlphaDEX Fund by 844.5% in the 4th quarter. J.W. Cole Advisors Inc. now owns 20,137 shares of the company’s stock valued at $2,537,000 after purchasing an additional 18,005 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.