First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) Stock Price Down 1.5% – What’s Next?

First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) traded down 1.5% on Wednesday . The stock traded as low as $62.52 and last traded at $62.56. 40,727 shares were traded during trading, an increase of 513% from the average daily volume of 6,644 shares. The stock had previously closed at $63.54.

First Trust Mid Cap Value AlphaDEX Fund Stock Performance

The company has a market cap of $222.92 million, a PE ratio of 10.44 and a beta of 0.96. The company has a fifty day moving average of $63.72 and a two-hundred day moving average of $60.71.

First Trust Mid Cap Value AlphaDEX Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a $0.1676 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.67 annualized dividend and a dividend yield of 1.1%.

Institutional Trading of First Trust Mid Cap Value AlphaDEX Fund

Several institutional investors have recently added to or reduced their stakes in the company. Bessemer Group Inc. bought a new position in shares of First Trust Mid Cap Value AlphaDEX Fund during the first quarter valued at approximately $26,000. Parallel Advisors LLC bought a new stake in shares of First Trust Mid Cap Value AlphaDEX Fund during the 1st quarter worth approximately $110,000. Rockefeller Capital Management L.P. lifted its stake in shares of First Trust Mid Cap Value AlphaDEX Fund by 69.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,876 shares of the company’s stock worth $160,000 after acquiring an additional 1,183 shares during the last quarter. RFG Advisory LLC bought a new stake in shares of First Trust Mid Cap Value AlphaDEX Fund during the 2nd quarter worth approximately $202,000. Finally, Kestra Advisory Services LLC boosted its holdings in First Trust Mid Cap Value AlphaDEX Fund by 23.5% during the 1st quarter. Kestra Advisory Services LLC now owns 10,335 shares of the company’s stock valued at $590,000 after acquiring an additional 1,966 shares during the period.

First Trust Mid Cap Value AlphaDEX Fund Company Profile

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.