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

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $147.63 and last traded at $147.8050, with a volume of 1780 shares changing hands. The stock had previously closed at $147.27.

First Trust Mid Cap Core AlphaDEX Fund Stock Up 0.3%

The firm has a market capitalization of $1.42 billion, a PE ratio of 14.19 and a beta of 1.06. The stock has a 50-day simple moving average of $143.75 and a 200-day simple moving average of $137.87.

First Trust Mid Cap Core AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a $0.266 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.06 annualized dividend and a yield of 0.7%.

Institutional Investors Weigh In On First Trust Mid Cap Core AlphaDEX Fund

Several institutional investors have recently added to or reduced their stakes in FNX. Northwestern Mutual Wealth Management Co. boosted its position in First Trust Mid Cap Core AlphaDEX Fund by 1,910.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,392,336 shares of the company’s stock worth $175,406,000 after purchasing an additional 1,323,065 shares during the period. Bank of America Corp DE lifted its stake in shares of First Trust Mid Cap Core AlphaDEX Fund by 57.0% during the 1st quarter. Bank of America Corp DE now owns 205,567 shares of the company’s stock valued at $26,362,000 after buying an additional 74,594 shares in the last quarter. Perryman Financial Advisory Inc. AD bought a new position in First Trust Mid Cap Core AlphaDEX Fund in the 4th quarter worth approximately $8,838,000. LPL Financial LLC boosted its holdings in First Trust Mid Cap Core AlphaDEX Fund by 5.5% in the 4th quarter. LPL Financial LLC now owns 934,661 shares of the company’s stock worth $117,744,000 after buying an additional 48,416 shares during the period. Finally, First Trust Advisors LP grew its stake in First Trust Mid Cap Core AlphaDEX Fund by 1,359.9% in the 1st quarter. First Trust Advisors LP now owns 32,527 shares of the company’s stock valued at $4,171,000 after buying an additional 30,299 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.