First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) Trading Down 0.3% – Time to Sell?

First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK)’s stock price traded down 0.3% during trading on Wednesday . The stock traded as low as $60.27 and last traded at $60.3450. 9,532 shares traded hands during mid-day trading, an increase of 24% from the average session volume of 7,710 shares. The stock had previously closed at $60.50.

First Trust Mid Cap Value AlphaDEX Fund Price Performance

The firm has a 50-day simple moving average of $59.05 and a 200 day simple moving average of $58.12. The company has a market capitalization of $217.24 million, a PE ratio of 10.44 and a beta of 0.96.

First Trust Mid Cap Value AlphaDEX Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid a dividend of $0.252 per share. The ex-dividend date was Thursday, March 26th. This represents a $1.01 annualized dividend and a dividend yield of 1.7%.

Institutional Trading of First Trust Mid Cap Value AlphaDEX Fund

Several large investors have recently modified their holdings of the business. Cetera Investment Advisers grew its stake in shares of First Trust Mid Cap Value AlphaDEX Fund by 17.3% during the first quarter. Cetera Investment Advisers now owns 105,572 shares of the company’s stock valued at $6,026,000 after acquiring an additional 15,551 shares in the last quarter. Parallel Advisors LLC acquired a new stake in shares of First Trust Mid Cap Value AlphaDEX Fund during the first quarter valued at about $110,000. Bessemer Group Inc. acquired a new stake in shares of First Trust Mid Cap Value AlphaDEX Fund during the first quarter valued at about $26,000. Kestra Advisory Services LLC grew its stake in shares of First Trust Mid Cap Value AlphaDEX Fund by 23.5% during the first quarter. Kestra Advisory Services LLC now owns 10,335 shares of the company’s stock valued at $590,000 after acquiring an additional 1,966 shares in the last quarter. Finally, Rockefeller Capital Management L.P. grew its stake in shares of First Trust Mid Cap Value AlphaDEX Fund by 69.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,876 shares of the company’s stock valued at $160,000 after acquiring an additional 1,183 shares in the last quarter.

First Trust Mid Cap Value AlphaDEX Fund Company Profile

The First Trust Mid Cap Value AlphaDEX Fund (FNK) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Mid Cap Value index. The fund tracks a mid-cap index that selects value stocks using quant methodology and applies an equal-tiered weighting scheme. FNK was launched on Apr 18, 2011 and is managed by First Trust.