First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK - Get Free Report) was up 0.1% during trading on Friday . The company traded as high as $54.11 and last traded at $53.88. Approximately 5,939 shares changed hands during trading, a decline of 57% from the average daily volume of 13,842 shares. The stock had previously closed at $53.83.
First Trust Mid Cap Value AlphaDEX Fund Trading Up 0.1%
The firm has a market cap of $210.13 million, a price-to-earnings ratio of 10.44 and a beta of 1.07. The stock has a fifty day moving average price of $50.54 and a 200 day moving average price of $51.23.
First Trust Mid Cap Value AlphaDEX Fund Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were issued a dividend of $0.1914 per share. This is a positive change from First Trust Mid Cap Value AlphaDEX Fund's previous quarterly dividend of $0.17. The ex-dividend date was Thursday, June 26th. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.42%.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. NBC Securities Inc. grew its holdings in First Trust Mid Cap Value AlphaDEX Fund by 114,900.0% in the 1st quarter. NBC Securities Inc. now owns 1,150 shares of the company's stock valued at $58,000 after buying an additional 1,149 shares during the last quarter. Oarsman Capital Inc. acquired a new stake in First Trust Mid Cap Value AlphaDEX Fund in the 4th quarter valued at approximately $63,000. Jones Financial Companies Lllp grew its holdings in First Trust Mid Cap Value AlphaDEX Fund by 518.5% in the 4th quarter. Jones Financial Companies Lllp now owns 5,777 shares of the company's stock valued at $309,000 after buying an additional 4,843 shares during the last quarter. Private Advisor Group LLC grew its holdings in First Trust Mid Cap Value AlphaDEX Fund by 9.7% in the 1st quarter. Private Advisor Group LLC now owns 7,839 shares of the company's stock valued at $395,000 after buying an additional 691 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in First Trust Mid Cap Value AlphaDEX Fund in the 1st quarter valued at approximately $464,000.
About First Trust Mid Cap Value AlphaDEX Fund
(
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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.
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