First Trust Mid Cap Value AlphaDEX Fund (FNK) to Issue Quarterly Dividend of $0.20 on September 30th

First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) declared a quarterly dividend on Wednesday, September 24th. Shareholders of record on Thursday, September 25th will be paid a dividend of 0.1979 per share on Tuesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 25th. This is a 3.4% increase from First Trust Mid Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.19.

First Trust Mid Cap Value AlphaDEX Fund Stock Performance

Shares of NASDAQ FNK opened at $54.83 on Friday. The stock has a fifty day moving average price of $54.63 and a two-hundred day moving average price of $51.54. The firm has a market cap of $200.13 million, a P/E ratio of 10.44 and a beta of 1.29. First Trust Mid Cap Value AlphaDEX Fund has a 1 year low of $42.68 and a 1 year high of $58.52.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. NBC Securities Inc. lifted its position in shares of 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 acquiring an additional 1,149 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings 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 valued at $124,000 after purchasing an additional 1,600 shares in the last quarter. Private Advisor Group LLC lifted its holdings 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 valued at $395,000 after purchasing an additional 691 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of First Trust Mid Cap Value AlphaDEX Fund during the first quarter worth $464,000. Finally, Triumph Capital Management raised its holdings in shares of First Trust Mid Cap Value AlphaDEX Fund by 10.9% during 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 in the last quarter.

First Trust Mid Cap Value AlphaDEX Fund Company Profile

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.