First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Sees Large Volume Increase – What’s Next?

Shares of First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) saw an uptick in trading volume on Wednesday . 63,583 shares traded hands during mid-day trading, an increase of 115% from the previous session’s volume of 29,620 shares.The stock last traded at $110.50 and had previously closed at $110.15.

First Trust Mid Cap Core AlphaDEX Fund Stock Down 0.2 %

The stock has a 50-day moving average of $118.11 and a 200-day moving average of $118.10. The company has a market cap of $1.16 billion, a PE ratio of 13.58 and a beta of 1.20.

First Trust Mid Cap Core AlphaDEX Fund Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a dividend of $0.4657 per share. The ex-dividend date was Friday, December 13th. This is an increase from First Trust Mid Cap Core AlphaDEX Fund’s previous dividend of $0.35.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Golden State Wealth Management LLC purchased a new position in First Trust Mid Cap Core AlphaDEX Fund in the 4th quarter worth approximately $31,000. Global Retirement Partners LLC raised its position in First Trust Mid Cap Core AlphaDEX Fund by 19.0% during the fourth quarter. Global Retirement Partners LLC now owns 953 shares of the company’s stock valued at $110,000 after purchasing an additional 152 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in First Trust Mid Cap Core AlphaDEX Fund by 53.1% during the fourth quarter. JPMorgan Chase & Co. now owns 1,424 shares of the company’s stock worth $165,000 after purchasing an additional 494 shares during the last quarter. J.W. Cole Advisors Inc. purchased a new position in shares of First Trust Mid Cap Core AlphaDEX Fund in the 4th quarter worth about $201,000. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of First Trust Mid Cap Core AlphaDEX Fund during the 4th quarter valued at about $205,000.

First Trust Mid Cap Core AlphaDEX Fund Company Profile

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.