First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Sees Large Volume Increase - Time to Buy?

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX - Get Free Report) saw strong trading volume on Thursday . 82,699 shares were traded during mid-day trading, an increase of 139% from the previous session's volume of 34,632 shares.The stock last traded at $111.33 and had previously closed at $111.76.

First Trust Mid Cap Core AlphaDEX Fund Price Performance

The company's fifty day moving average price is $106.51 and its 200 day moving average price is $113.63. The company has a market cap of $1.13 billion, a PE ratio of 14.75 and a beta of 1.20.

First Trust Mid Cap Core AlphaDEX Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were issued a $0.2561 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.02 annualized dividend and a dividend yield of 0.91%.

Institutional Trading of First Trust Mid Cap Core AlphaDEX Fund

Several institutional investors and hedge funds have recently made changes to their positions in FNX. Golden State Wealth Management LLC purchased a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund in the fourth quarter valued at about $31,000. BankPlus Trust Department purchased a new position in shares of First Trust Mid Cap Core AlphaDEX Fund in the first quarter worth about $32,000. Anderson Financial Strategies LLC purchased a new position in shares of First Trust Mid Cap Core AlphaDEX Fund in the first quarter worth about $54,000. Global Retirement Partners LLC increased its stake in shares of First Trust Mid Cap Core AlphaDEX Fund by 19.0% in the fourth quarter. Global Retirement Partners LLC now owns 953 shares of the company's stock worth $110,000 after purchasing an additional 152 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of First Trust Mid Cap Core AlphaDEX Fund by 53.1% in the fourth quarter. JPMorgan Chase & Co. now owns 1,424 shares of the company's stock worth $165,000 after purchasing an additional 494 shares in the last quarter.

About First Trust Mid Cap Core AlphaDEX Fund

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.