First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Hits New 1-Year High – Still a Buy?

Shares of First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) hit a new 52-week high on Tuesday . The stock traded as high as $146.78 and last traded at $146.9220, with a volume of 5893 shares. The stock had previously closed at $144.99.

First Trust Mid Cap Core AlphaDEX Fund Stock Up 1.6%

The firm has a market cap of $1.41 billion, a P/E ratio of 14.19 and a beta of 1.05. The business has a fifty day simple moving average of $142.82 and a 200-day simple moving average of $137.18.

First Trust Mid Cap Core AlphaDEX Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a $0.266 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 0.7%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of FNX. Ascentis Independent Advisors purchased a new position in First Trust Mid Cap Core AlphaDEX Fund during the 1st quarter valued at about $31,000. Russell Investments Group Ltd. grew its holdings in 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 worth $58,000 after purchasing an additional 457 shares during the period. MidFirst Bank bought a new position in shares of First Trust Mid Cap Core AlphaDEX Fund during the fourth quarter valued at approximately $92,000. Parallel Advisors LLC increased its stake in shares of First Trust Mid Cap Core AlphaDEX Fund by 942.6% during the first quarter. Parallel Advisors LLC now owns 1,053 shares of the company’s stock valued at $135,000 after purchasing an additional 952 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new position in shares of First Trust Mid Cap Core AlphaDEX Fund during the third quarter valued at approximately $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.