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

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) shares hit a new 52-week high during mid-day trading on Monday . The stock 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 Price Performance

The stock has a market capitalization of $1.39 billion, a P/E ratio of 14.19 and a beta of 1.06. The company has a 50 day simple moving average of $137.47 and a 200-day simple moving average of $133.24.

First Trust Mid Cap Core AlphaDEX Fund Cuts Dividend

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

Institutional Trading of First Trust Mid Cap Core AlphaDEX Fund

Hedge funds have recently made changes to their positions in the company. Ascentis Independent Advisors bought a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund in the first quarter valued at $31,000. Russell Investments Group Ltd. raised its stake in shares of First Trust Mid Cap Core AlphaDEX Fund by 5,077.8% in the third quarter. Russell Investments Group Ltd. now owns 466 shares of the company’s stock valued at $58,000 after buying an additional 457 shares during the period. MidFirst Bank bought a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund in the fourth quarter valued at $92,000. Parallel Advisors LLC raised its stake in shares of First Trust Mid Cap Core AlphaDEX Fund by 942.6% in the first quarter. Parallel Advisors LLC now owns 1,053 shares of the company’s stock valued at $135,000 after buying an additional 952 shares during the period. Finally, Advisory Services Network LLC bought a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund in the third quarter valued at $136,000.

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.