First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Sees Unusually-High Trading Volume

Shares of First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) saw an uptick in trading volume on Monday . 74,786 shares traded hands during mid-day trading, an increase of 137% from the previous session’s volume of 31,596 shares.The stock last traded at $106.68 and had previously closed at $105.23.

First Trust Mid Cap Core AlphaDEX Fund Stock Up 1.6 %

The company has a fifty day simple moving average of $108.39 and a 200 day simple moving average of $101.07. The firm has a market capitalization of $1.16 billion, a P/E ratio of 12.73 and a beta of 1.18.

First Trust Mid Cap Core AlphaDEX Fund Announces Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were issued a dividend of $0.1685 per share. The ex-dividend date of this dividend was Thursday, March 21st.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Raymond James Financial Services Advisors Inc. lifted its holdings in First Trust Mid Cap Core AlphaDEX Fund by 1.1% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 300,782 shares of the company’s stock valued at $34,100,000 after acquiring an additional 3,309 shares during the period. American Institute for Advanced Investment Management LLP lifted its holdings in First Trust Mid Cap Core AlphaDEX Fund by 8.9% in the first quarter. American Institute for Advanced Investment Management LLP now owns 7,692 shares of the company’s stock valued at $872,000 after acquiring an additional 627 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in First Trust Mid Cap Core AlphaDEX Fund by 7.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 8,277 shares of the company’s stock worth $938,000 after buying an additional 546 shares in the last quarter. Priebe Wealth Holdings LLC increased its position in First Trust Mid Cap Core AlphaDEX Fund by 3.0% in the first quarter. Priebe Wealth Holdings LLC now owns 26,200 shares of the company’s stock worth $2,970,000 after buying an additional 766 shares in the last quarter. Finally, Kaydan Wealth Management Inc. increased its position in First Trust Mid Cap Core AlphaDEX Fund by 1,353.6% in the first quarter. Kaydan Wealth Management Inc. now owns 211,293 shares of the company’s stock worth $23,954,000 after buying an additional 196,757 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.