First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Trading Up 1.3% - Time to Buy?

Shares of First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX - Get Free Report) shot up 1.3% during trading on Tuesday . The stock traded as high as $112.33 and last traded at $112.06. 22,074 shares changed hands 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 Price Performance

The stock's 50 day simple moving average is $106.39 and its two-hundred day simple moving average is $113.75. The stock has a market capitalization of $1.12 billion, a PE ratio of 14.75 and a beta of 1.20.

First Trust Mid Cap Core AlphaDEX Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were paid a $0.2561 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.02 dividend on an annualized basis and a yield of 0.92%.

Institutional Trading of First Trust Mid Cap Core AlphaDEX Fund

Institutional investors have recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC bought a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund during the fourth quarter valued at about $31,000. BankPlus Trust Department bought a new stake in First Trust Mid Cap Core AlphaDEX Fund during the 1st quarter worth approximately $32,000. Anderson Financial Strategies LLC purchased a new stake in First Trust Mid Cap Core AlphaDEX Fund in the 1st quarter worth approximately $54,000. Global Retirement Partners LLC lifted its stake in First Trust Mid Cap Core AlphaDEX Fund by 19.0% in the 4th 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. boosted its holdings in First Trust Mid Cap Core AlphaDEX Fund by 53.1% in the 4th quarter. JPMorgan Chase & Co. now owns 1,424 shares of the company's stock valued at $165,000 after purchasing an additional 494 shares during the period.

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.