First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Trading 3.4% Higher - Here's Why

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX - Get Free Report)'s share price traded up 3.4% on Monday . The stock traded as high as $113.09 and last traded at $112.33. 30,973 shares traded hands during trading, a decline of 18% from the average session volume of 37,566 shares. The stock had previously closed at $108.59.

First Trust Mid Cap Core AlphaDEX Fund Trading Up 3.4%

The firm has a market cap of $1.13 billion, a P/E ratio of 14.29 and a beta of 1.20. The firm's 50 day moving average is $105.54 and its two-hundred day moving average is $114.63.

First Trust Mid Cap Core AlphaDEX Fund Cuts Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.91%.

Hedge Funds Weigh In On First Trust Mid Cap Core AlphaDEX Fund

Hedge funds and other institutional investors have recently bought and sold shares of the business. Golden State Wealth Management LLC bought a new position in First Trust Mid Cap Core AlphaDEX Fund during the fourth quarter worth about $31,000. BankPlus Trust Department bought a new position in First Trust Mid Cap Core AlphaDEX Fund during the first quarter worth about $32,000. Global Retirement Partners LLC grew its holdings in 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 worth $110,000 after purchasing an additional 152 shares during the period. JPMorgan Chase & Co. grew its holdings in 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 worth $165,000 after purchasing an additional 494 shares during the period. Finally, J.W. Cole Advisors Inc. bought a new position in First Trust Mid Cap Core AlphaDEX Fund during the fourth quarter worth about $201,000.

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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