First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Reaches New 1-Year High – What’s Next?

Shares of First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) reached a new 52-week high during trading on Tuesday . The company traded as high as $130.75 and last traded at $130.8250, with a volume of 7487 shares changing hands. The stock had previously closed at $129.63.

First Trust Mid Cap Core AlphaDEX Fund Price Performance

The firm’s fifty day simple moving average is $125.32 and its 200 day simple moving average is $122.72. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 14.19 and a beta of 1.12.

First Trust Mid Cap Core AlphaDEX Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a dividend of $0.3914 per share. This represents a $1.57 annualized dividend and a yield of 1.2%. The ex-dividend date was Friday, December 12th. This is a positive change from First Trust Mid Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.19.

Institutional Trading of First Trust Mid Cap Core AlphaDEX Fund

Hedge funds have recently modified their holdings of the business. Mather Group LLC. purchased a new position in shares of First Trust Mid Cap Core AlphaDEX Fund during the third quarter valued at $25,000. MTM Investment Management LLC purchased a new stake in First Trust Mid Cap Core AlphaDEX Fund in the 2nd quarter worth about $28,000. Atlantic Union Bankshares Corp acquired a new stake in First Trust Mid Cap Core AlphaDEX Fund during the 2nd quarter worth about $44,000. Blair William & Co. IL acquired a new stake in First Trust Mid Cap Core AlphaDEX Fund during the 2nd quarter worth about $47,000. Finally, Anderson Financial Strategies LLC purchased a new position in First Trust Mid Cap Core AlphaDEX Fund during the 1st quarter valued at about $54,000.

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.