First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Shares Down 1.2% - Here's Why

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX - Get Free Report) shares fell 1.2% during trading on Wednesday . The stock traded as low as $113.18 and last traded at $113.18. 49,674 shares traded hands during mid-day trading, an increase of 50% from the average session volume of 33,196 shares. The stock had previously closed at $114.54.

First Trust Mid Cap Core AlphaDEX Fund Trading Down 1.2%

The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 14.75 and a beta of 1.20. The firm has a fifty day moving average price of $109.68 and a 200 day moving average price of $112.52.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. LPL Financial LLC lifted its holdings in First Trust Mid Cap Core AlphaDEX Fund by 3.1% during the 4th quarter. LPL Financial LLC now owns 930,345 shares of the company's stock worth $107,660,000 after buying an additional 27,626 shares in the last quarter. Raymond James Financial Inc. bought a new position in First Trust Mid Cap Core AlphaDEX Fund in the 4th quarter valued at $58,781,000. Royal Bank of Canada boosted its position in First Trust Mid Cap Core AlphaDEX Fund by 8.5% in the 4th quarter. Royal Bank of Canada now owns 248,407 shares of the company's stock valued at $28,745,000 after buying an additional 19,517 shares during the last quarter. National Bank of Canada FI boosted its position in First Trust Mid Cap Core AlphaDEX Fund by 3.1% in the 4th quarter. National Bank of Canada FI now owns 197,940 shares of the company's stock valued at $22,906,000 after buying an additional 6,014 shares during the last quarter. Finally, Kestra Advisory Services LLC boosted its position in First Trust Mid Cap Core AlphaDEX Fund by 2.4% in the 1st quarter. Kestra Advisory Services LLC now owns 192,188 shares of the company's stock valued at $20,945,000 after buying an additional 4,539 shares during the last quarter.

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.

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