First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Sees Strong Trading Volume – What’s Next?

Shares of First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) saw unusually-high trading volume on Friday . Approximately 29,513 shares changed hands during trading, an increase of 77% from the previous session’s volume of 16,668 shares.The stock last traded at $115.14 and had previously closed at $116.58.

First Trust Mid Cap Core AlphaDEX Fund Price Performance

The company has a market capitalization of $1.23 billion, a P/E ratio of 13.43 and a beta of 1.20. The business’s 50-day moving average price is $120.57 and its two-hundred day moving average price is $115.99.

First Trust Mid Cap Core AlphaDEX Fund Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a $0.4657 dividend. This is a boost from First Trust Mid Cap Core AlphaDEX Fund’s previous dividend of $0.35. The ex-dividend date was Friday, December 13th.

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

Institutional investors have recently modified their holdings of the business. Schrum Private Wealth Management LLC bought a new stake in First Trust Mid Cap Core AlphaDEX Fund during the 3rd quarter worth approximately $249,000. Elios Financial Group Inc. bought a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund during the third quarter worth $272,000. FMR LLC raised its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 8.4% during the third quarter. FMR LLC now owns 2,648 shares of the company’s stock worth $310,000 after acquiring an additional 205 shares during the period. Good Life Advisors LLC bought a new stake in First Trust Mid Cap Core AlphaDEX Fund in the 3rd quarter valued at $331,000. Finally, Woodmont Investment Counsel LLC boosted its stake in First Trust Mid Cap Core AlphaDEX Fund by 65.3% in the 3rd quarter. Woodmont Investment Counsel LLC now owns 3,072 shares of the company’s stock worth $360,000 after purchasing an additional 1,214 shares during the period.

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.