First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) Trading Up 0.1% – What’s Next?

First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK)’s share price shot up 0.1% during mid-day trading on Wednesday . The stock traded as high as $64.78 and last traded at $64.62. 7,391 shares were traded during mid-day trading, an increase of 13% from the average daily volume of 6,566 shares. The stock had previously closed at $64.55.

First Trust Mid Cap Value AlphaDEX Fund Stock Performance

The business’s 50-day moving average is $62.80 and its 200-day moving average is $60.31. The company has a market capitalization of $232.63 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, June 30th. Shareholders of record on Thursday, June 25th were paid a dividend of $0.1676 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 1.0%.

Institutional Trading of First Trust Mid Cap Value AlphaDEX Fund

Hedge funds have recently made changes to their positions in the stock. Bessemer Group Inc. purchased a new stake in shares of First Trust Mid Cap Value AlphaDEX Fund in the 1st quarter worth approximately $26,000. Northwestern Mutual Wealth Management Co. bought a new position in First Trust Mid Cap Value AlphaDEX Fund during the 3rd quarter valued at approximately $31,000. Parallel Advisors LLC purchased a new position in First Trust Mid Cap Value AlphaDEX Fund during the first quarter valued at $110,000. Geneos Wealth Management Inc. raised its stake in First Trust Mid Cap Value AlphaDEX Fund by 200.0% during the second quarter. Geneos Wealth Management Inc. now owns 2,400 shares of the company’s stock valued at $124,000 after buying an additional 1,600 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its holdings in First Trust Mid Cap Value AlphaDEX Fund by 69.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,876 shares of the company’s stock worth $160,000 after acquiring an additional 1,183 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.