First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Sets New 1-Year High – Here’s Why

Shares of First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) hit a new 52-week high during trading on Wednesday . The stock traded as high as $144.81 and last traded at $145.0790, with a volume of 3802 shares traded. The stock had previously closed at $143.05.

First Trust Mid Cap Core AlphaDEX Fund Trading Up 0.5%

The stock’s 50-day moving average price is $139.13 and its two-hundred day moving average price is $134.09. The stock has a market capitalization of $1.38 billion, a P/E ratio of 14.19 and a beta of 1.06.

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

Institutional investors and hedge funds have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its stake in shares of First Trust Mid Cap Core AlphaDEX Fund by 1,910.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,392,336 shares of the company’s stock valued at $175,406,000 after buying an additional 1,323,065 shares during the period. Morgan Stanley grew its stake in shares of First Trust Mid Cap Core AlphaDEX Fund by 0.5% during the 4th quarter. Morgan Stanley now owns 1,050,519 shares of the company’s stock worth $132,340,000 after acquiring an additional 5,458 shares during the period. LPL Financial LLC increased its holdings in First Trust Mid Cap Core AlphaDEX Fund by 5.5% in the 4th quarter. LPL Financial LLC now owns 934,661 shares of the company’s stock worth $117,744,000 after acquiring an additional 48,416 shares during the last quarter. Wells Fargo & Company MN increased its holdings in First Trust Mid Cap Core AlphaDEX Fund by 1.9% in the 4th quarter. Wells Fargo & Company MN now owns 679,379 shares of the company’s stock worth $85,585,000 after acquiring an additional 12,936 shares during the last quarter. Finally, Royal Bank of Canada raised its stake in First Trust Mid Cap Core AlphaDEX Fund by 4.8% in the 1st quarter. Royal Bank of Canada now owns 273,951 shares of the company’s stock valued at $35,132,000 after acquiring an additional 12,540 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.