First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Stock Price Up 1.3% - Still a Buy?

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX - Get Free Report)'s stock price traded up 1.3% on Tuesday . The stock traded as high as $112.33 and last traded at $112.06. 22,074 shares were traded during mid-day trading, a decline of 37% from the average session volume of 35,198 shares. The stock had previously closed at $110.66.

First Trust Mid Cap Core AlphaDEX Fund Stock Performance

The business's 50 day simple moving average is $106.51 and its 200-day simple moving average is $113.63. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 14.75 and a beta of 1.20.

First Trust Mid Cap Core AlphaDEX Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were given a dividend of $0.2561 per share. The ex-dividend date was Thursday, March 27th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 0.91%.

Institutional Trading of First Trust Mid Cap Core AlphaDEX Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Golden State Wealth Management LLC bought a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund in the 4th quarter worth approximately $31,000. BankPlus Trust Department acquired a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund during the first quarter valued at approximately $32,000. Anderson Financial Strategies LLC acquired a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund during the first quarter valued at approximately $54,000. Global Retirement Partners LLC raised its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 19.0% during the fourth quarter. Global Retirement Partners LLC now owns 953 shares of the company's stock valued at $110,000 after acquiring an additional 152 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 53.1% during the fourth quarter. JPMorgan Chase & Co. now owns 1,424 shares of the company's stock valued at $165,000 after acquiring an additional 494 shares during the period.

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.