First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Sets New 1-Year High – Should You Buy?

Shares of First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) hit a new 52-week high during trading on Tuesday . The stock traded as high as $133.31 and last traded at $133.3910, with a volume of 1931 shares changing hands. The stock had previously closed at $132.84.

First Trust Mid Cap Core AlphaDEX Fund Stock Performance

The stock has a market cap of $1.24 billion, a PE ratio of 14.19 and a beta of 1.12. The business has a 50 day moving average price of $126.04 and a two-hundred day moving average price of $123.37.

First Trust Mid Cap Core AlphaDEX Fund Increases Dividend

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

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

A number of institutional investors and hedge funds have recently modified their holdings of FNX. First Heartland Consultants Inc. increased its position in shares of First Trust Mid Cap Core AlphaDEX Fund by 270.8% during the fourth quarter. First Heartland Consultants Inc. now owns 17,416 shares of the company’s stock worth $2,194,000 after purchasing an additional 12,719 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in First Trust Mid Cap Core AlphaDEX Fund by 1.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 19,574 shares of the company’s stock valued at $2,576,000 after acquiring an additional 279 shares in the last quarter. Triumph Capital Management acquired a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund in the third quarter valued at $201,000. Advisory Services Network LLC acquired a new position in First Trust Mid Cap Core AlphaDEX Fund during the 3rd quarter worth approximately $136,000. Finally, Kestra Private Wealth Services LLC raised its stake in First Trust Mid Cap Core AlphaDEX Fund by 2.9% in the third quarter. Kestra Private Wealth Services LLC now owns 43,901 shares of the company’s stock valued at $5,505,000 after buying an additional 1,230 shares in 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.