First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Reaches New 1-Year High – What’s Next?

Shares of First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNXGet Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as $139.46 and last traded at $139.4020, with a volume of 949 shares traded. The stock had previously closed at $138.52.

First Trust Mid Cap Core AlphaDEX Fund Stock Up 0.5%

The firm has a market cap of $1.33 billion, a P/E ratio of 14.19 and a beta of 1.09. The firm’s 50-day simple moving average is $132.31 and its 200 day simple moving average is $129.31.

First Trust Mid Cap Core 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 $0.3141 dividend. The ex-dividend date was Thursday, March 26th. This represents a $1.26 annualized dividend and a dividend yield of 0.9%.

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

Large investors have recently modified their holdings of the business. Mather Group LLC. purchased a new position in shares of First Trust Mid Cap Core AlphaDEX Fund in the third quarter worth about $25,000. Russell Investments Group Ltd. increased its stake in shares of First Trust Mid Cap Core AlphaDEX Fund by 5,077.8% in the third quarter. Russell Investments Group Ltd. now owns 466 shares of the company’s stock worth $58,000 after purchasing an additional 457 shares in the last quarter. MidFirst Bank purchased a new position in shares of First Trust Mid Cap Core AlphaDEX Fund in the fourth quarter worth about $92,000. Advisory Services Network LLC purchased a new position in shares of First Trust Mid Cap Core AlphaDEX Fund in the third quarter worth about $136,000. Finally, Arax Advisory Partners purchased a new position in shares of First Trust Mid Cap Core AlphaDEX Fund in the fourth quarter worth about $139,000.

First Trust Mid Cap Core AlphaDEX Fund Company Profile

(Get Free Report)

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.

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