First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Stock Price Down 0.2% - Here's What Happened

Key Points

• The share price of the First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) fell by 0.2%, trading at $116.50, with a significant drop in trading volume.
• FNX recently declared a quarterly dividend of $0.2671 per share, an increase from its previous dividend of $0.26, representing an annual yield of 0.9%.
• Several hedge funds have significantly increased their stakes in FNX, with notable investment updates from GAMMA Investing LLC and Susquehanna International Group LLP.

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX - Get Free Report)'s stock price dropped 0.2% during trading on Thursday . The stock traded as low as $116.08 and last traded at $116.50. Approximately 23,350 shares were traded during mid-day trading, a decline of 24% from the average daily volume of 30,773 shares. The stock had previously closed at $116.68.

First Trust Mid Cap Core AlphaDEX Fund Stock Performance

The company has a 50 day moving average of $115.56 and a 200 day moving average of $112.21. The firm has a market cap of $1.13 billion, a P/E ratio of 14.19 and a beta of 1.20.

First Trust Mid Cap Core AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were issued a $0.2671 dividend. This represents a $1.07 annualized dividend and a dividend yield of 0.9%. This is a boost from First Trust Mid Cap Core AlphaDEX Fund's previous quarterly dividend of $0.26. The ex-dividend date was Thursday, June 26th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Park National Corp OH boosted its position in shares of First Trust Mid Cap Core AlphaDEX Fund by 0.8% during the 2nd quarter. Park National Corp OH now owns 10,919 shares of the company's stock worth $1,254,000 after purchasing an additional 90 shares in the last quarter. LVZ Inc. increased its position in shares of First Trust Mid Cap Core AlphaDEX Fund by 0.7% in the second quarter. LVZ Inc. now owns 16,275 shares of the company's stock worth $1,869,000 after purchasing an additional 121 shares during the last quarter. BKM Wealth Management LLC grew its position in First Trust Mid Cap Core AlphaDEX Fund by 7.5% in the second quarter. BKM Wealth Management LLC now owns 1,942 shares of the company's stock worth $223,000 after acquiring an additional 136 shares in the last quarter. Apollon Wealth Management LLC lifted its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 4.2% in the 1st quarter. Apollon Wealth Management LLC now owns 4,700 shares of the company's stock worth $512,000 after acquiring an additional 188 shares during the last quarter. Finally, Comerica Bank lifted its stake in shares of First Trust Mid Cap Core AlphaDEX Fund by 1.0% in the 4th quarter. Comerica Bank now owns 18,924 shares of the company's stock valued at $2,190,000 after acquiring an additional 189 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.