First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Sets New 12-Month High – Still a Buy?

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) shares hit a new 52-week high on Tuesday . The company traded as high as $146.41 and last traded at $146.2030, with a volume of 4031 shares changing hands. The stock had previously closed at $145.73.

First Trust Mid Cap Core AlphaDEX Fund Stock Performance

The company has a market cap of $1.41 billion, a price-to-earnings ratio of 14.19 and a beta of 1.06. The company has a 50-day simple moving average of $139.94 and a 200-day simple moving average of $134.60.

First Trust Mid Cap Core AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Thursday, June 25th will be paid a $0.266 dividend. The ex-dividend date is Thursday, June 25th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 0.7%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Private Advisor Group LLC increased its holdings in First Trust Mid Cap Core AlphaDEX Fund by 0.3% during the 1st quarter. Private Advisor Group LLC now owns 26,420 shares of the company’s stock valued at $3,388,000 after acquiring an additional 78 shares in the last quarter. FWG Holdings LLC raised its position in First Trust Mid Cap Core AlphaDEX Fund by 1.0% during the fourth quarter. FWG Holdings LLC now owns 11,216 shares of the company’s stock worth $1,485,000 after acquiring an additional 109 shares during the last quarter. Rathbones Group PLC lifted its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 2.4% in the fourth quarter. Rathbones Group PLC now owns 5,499 shares of the company’s stock valued at $693,000 after purchasing an additional 128 shares in the last quarter. Perigon Wealth Management LLC lifted its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 0.9% in the fourth quarter. Perigon Wealth Management LLC now owns 16,911 shares of the company’s stock valued at $2,130,000 after purchasing an additional 143 shares in the last quarter. Finally, Equitable Holdings Inc. grew its position in shares of First Trust Mid Cap Core AlphaDEX Fund by 1.9% in the fourth quarter. Equitable Holdings Inc. now owns 9,084 shares of the company’s stock valued at $1,144,000 after purchasing an additional 166 shares during the last quarter.

About First Trust Mid Cap Core AlphaDEX Fund

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.