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First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) Stock Price Down 1% - Here's Why

Written by MarketBeat
Updated September 14, 2025
First Trust Mid Cap Value AlphaDEX Fund logo with background

Key Points

  • The First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) experienced a 1% decline in share price, closing at $55.76, with trading volume significantly down by 67% compared to its average.
  • The fund declared a quarterly dividend increase to $0.1914 per share, raising its annualized payout to $0.77 and enhancing the dividend yield to 1.4%.
  • There has been significant activity from institutional investors, with firms like NBC Securities Inc. and Geneos Wealth Management Inc. increasing their positions dramatically in the fund.
  • MarketBeat previews the top five stocks to own by November 1st.

First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK - Get Free Report)'s share price traded down 1% during mid-day trading on Tuesday . The company traded as low as $55.76 and last traded at $55.76. 5,179 shares changed hands during trading, a decline of 67% from the average session volume of 15,691 shares. The stock had previously closed at $56.32.

First Trust Mid Cap Value AlphaDEX Fund Stock Performance

The firm has a market cap of $204.04 million, a price-to-earnings ratio of 10.44 and a beta of 1.29. The stock's 50 day simple moving average is $54.25 and its 200-day simple moving average is $51.26.

First Trust Mid Cap Value AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, June 26th were paid a dividend of $0.1914 per share. This represents a $0.77 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Thursday, June 26th. This is a positive change from First Trust Mid Cap Value AlphaDEX Fund's previous quarterly dividend of $0.17.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. NBC Securities Inc. increased its stake in First Trust Mid Cap Value AlphaDEX Fund by 114,900.0% during the 1st quarter. NBC Securities Inc. now owns 1,150 shares of the company's stock valued at $58,000 after purchasing an additional 1,149 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in shares of First Trust Mid Cap Value AlphaDEX Fund by 200.0% in the second quarter. Geneos Wealth Management Inc. now owns 2,400 shares of the company's stock worth $124,000 after acquiring an additional 1,600 shares during the period. Private Advisor Group LLC increased its stake in shares of First Trust Mid Cap Value AlphaDEX Fund by 9.7% in the first quarter. Private Advisor Group LLC now owns 7,839 shares of the company's stock worth $395,000 after acquiring an additional 691 shares during the period. Jane Street Group LLC acquired a new stake in shares of First Trust Mid Cap Value AlphaDEX Fund in the first quarter worth $464,000. Finally, Triumph Capital Management increased its stake in shares of First Trust Mid Cap Value AlphaDEX Fund by 10.9% in the first quarter. Triumph Capital Management now owns 14,251 shares of the company's stock worth $719,000 after acquiring an additional 1,399 shares during the period.

About First Trust Mid Cap Value AlphaDEX Fund

(Get Free Report)

The First Trust Mid Cap Value AlphaDEX Fund (FNK) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Mid Cap Value index. The fund tracks a mid-cap index that selects value stocks using quant methodology and applies an equal-tiered weighting scheme. FNK was launched on Apr 18, 2011 and is managed by First Trust.

See Also

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