First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) Stock Price Up 1.7% – Here’s Why

Posted by Linda Flegge on May 21st, 2026

First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK – Get Free Report) shares rose 1.7% during trading on Wednesday . The stock traded as high as $58.83 and last traded at $58.83. Approximately 14,192 shares were traded during trading, an increase of 73% from the average daily volume of 8,184 shares. The stock had previously closed at $57.82.

First Trust Mid Cap Value AlphaDEX Fund Stock Performance

The stock has a market capitalization of $211.79 million, a price-to-earnings ratio of 10.44 and a beta of 0.98. The company has a 50 day moving average of $58.12 and a 200 day moving average of $57.44.

First Trust Mid Cap Value AlphaDEX Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a dividend of $0.252 per share. This represents a $1.01 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Thursday, March 26th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FNK. Bessemer Group Inc. acquired a new position in First Trust Mid Cap Value AlphaDEX Fund during the 1st quarter worth $26,000. Northwestern Mutual Wealth Management Co. acquired a new position in First Trust Mid Cap Value AlphaDEX Fund during the 3rd quarter worth $31,000. Sound Income Strategies LLC acquired a new position in First Trust Mid Cap Value AlphaDEX Fund during the 4th quarter worth $58,000. Parallel Advisors LLC acquired a new position in First Trust Mid Cap Value AlphaDEX Fund during the 1st quarter worth $110,000. Finally, Geneos Wealth Management Inc. lifted its holdings in First Trust Mid Cap Value AlphaDEX Fund by 200.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 2,400 shares of the company’s stock worth $124,000 after buying an additional 1,600 shares during the last quarter.

About First Trust Mid Cap Value AlphaDEX Fund

(Get Free Report)

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.