First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $53.47 and traded as high as $57.49. First Trust Mid Cap Value AlphaDEX Fund shares last traded at $56.81, with a volume of 10,281 shares.

First Trust Mid Cap Value AlphaDEX Fund Stock Performance

The company’s 50-day simple moving average is $55.21 and its 200 day simple moving average is $53.47. The company has a market cap of $230.09 million, a PE ratio of 10.86 and a beta of 1.29.

First Trust Mid Cap Value AlphaDEX Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a $0.2554 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This is a positive change from First Trust Mid Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.21. This represents a $1.02 dividend on an annualized basis and a yield of 1.80%.

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

Large investors have recently bought and sold shares of the stock. GAMMA Investing LLC grew its position in shares of First Trust Mid Cap Value AlphaDEX Fund by 95.1% during the second quarter. GAMMA Investing LLC now owns 1,816 shares of the company’s stock worth $93,000 after buying an additional 885 shares in the last quarter. Great Valley Advisor Group Inc. acquired a new position in First Trust Mid Cap Value AlphaDEX Fund during the 3rd quarter worth approximately $214,000. Jane Street Group LLC acquired a new stake in shares of First Trust Mid Cap Value AlphaDEX Fund in the 3rd quarter valued at $223,000. Moors & Cabot Inc. purchased a new stake in shares of First Trust Mid Cap Value AlphaDEX Fund during the 3rd quarter worth $235,000. Finally, Daymark Wealth Partners LLC acquired a new position in shares of First Trust Mid Cap Value AlphaDEX Fund during the second quarter worth $282,000.

First Trust Mid Cap Value AlphaDEX Fund Company Profile

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.