First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Sees Large Volume Increase – Here’s Why

Shares of First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) saw strong trading volume on Thursday . 18,894 shares traded hands during trading, a decline of 28% from the previous session’s volume of 26,264 shares.The stock last traded at $142.65 and had previously closed at $141.49.

First Trust Mid Cap Core AlphaDEX Fund Trading Up 1.1%

The stock has a fifty day moving average of $140.80 and a two-hundred day moving average of $135.39. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 14.19 and a beta of 1.05.

First Trust Mid Cap Core AlphaDEX Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a $0.266 dividend. The ex-dividend date was Thursday, June 25th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 0.7%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Ascentis Independent Advisors bought a new stake in First Trust Mid Cap Core AlphaDEX Fund during the 1st quarter worth about $31,000. Russell Investments Group Ltd. raised its stake in shares of First Trust Mid Cap Core AlphaDEX Fund by 5,077.8% in the third quarter. Russell Investments Group Ltd. now owns 466 shares of the company’s stock worth $58,000 after acquiring an additional 457 shares during the last quarter. MidFirst Bank bought a new position in shares of First Trust Mid Cap Core AlphaDEX Fund in the fourth quarter worth about $92,000. Parallel Advisors LLC lifted its position in shares of First Trust Mid Cap Core AlphaDEX Fund by 942.6% during the first quarter. Parallel Advisors LLC now owns 1,053 shares of the company’s stock worth $135,000 after purchasing an additional 952 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new position in shares of First Trust Mid Cap Core AlphaDEX Fund during the third quarter worth approximately $136,000.

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.