First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) Shares Up 0.9% – Here’s What Happened

First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) shares rose 0.9% during trading on Tuesday . The stock traded as high as $57.19 and last traded at $56.84. Approximately 4,571 shares traded hands during trading, a decline of 38% from the average daily volume of 7,358 shares. The stock had previously closed at $56.36.

First Trust Mid Cap Value AlphaDEX Fund Price Performance

The company has a market capitalization of $204.62 million, a price-to-earnings ratio of 10.44 and a beta of 1.08. The business’s 50-day moving average price is $58.81 and its two-hundred day moving average price is $56.47.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cetera Investment Advisers lifted its position in shares of First Trust Mid Cap Value AlphaDEX Fund by 144.9% during the 2nd quarter. Cetera Investment Advisers now owns 62,711 shares of the company’s stock valued at $3,246,000 after acquiring an additional 37,100 shares during the period. Kingsview Wealth Management LLC raised its stake in First Trust Mid Cap Value AlphaDEX Fund by 100.0% in the fourth quarter. Kingsview Wealth Management LLC now owns 65,940 shares of the company’s stock valued at $3,669,000 after purchasing an additional 32,970 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in First Trust Mid Cap Value AlphaDEX Fund during the fourth quarter worth about $1,473,000. Total Investment Management Inc. lifted its position in First Trust Mid Cap Value AlphaDEX Fund by 1.5% during the fourth quarter. Total Investment Management Inc. now owns 1,329,591 shares of the company’s stock worth $73,990,000 after purchasing an additional 19,423 shares during the period. Finally, Citadel Advisors LLC grew its stake in First Trust Mid Cap Value AlphaDEX Fund by 53.7% during the third quarter. Citadel Advisors LLC now owns 44,666 shares of the company’s stock worth $2,468,000 after buying an additional 15,610 shares in the last quarter.

About First Trust Mid Cap Value AlphaDEX Fund

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.