First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Reaches New 1-Year High – Still a Buy?

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) shares hit a new 52-week high on Friday . The company traded as high as $136.97 and last traded at $136.9410, with a volume of 8762 shares. The stock had previously closed at $133.85.

First Trust Mid Cap Core AlphaDEX Fund Price Performance

The stock’s 50 day simple moving average is $130.25 and its two-hundred day simple moving average is $125.39. The firm has a market cap of $1.28 billion, a P/E ratio of 14.19 and a beta of 1.12.

First Trust Mid Cap Core AlphaDEX Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were paid a dividend of $0.3914 per share. The ex-dividend date was Friday, December 12th. This is a positive change from First Trust Mid Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.19. This represents a $1.57 dividend on an annualized basis and a yield of 1.1%.

Hedge Funds Weigh In On First Trust Mid Cap Core AlphaDEX Fund

Several institutional investors and hedge funds have recently modified their holdings of FNX. Mather Group LLC. bought a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund in the third quarter worth approximately $25,000. MTM Investment Management LLC purchased a new stake in First Trust Mid Cap Core AlphaDEX Fund in the second quarter worth approximately $28,000. Atlantic Union Bankshares Corp purchased a new stake in First Trust Mid Cap Core AlphaDEX Fund in the second quarter worth approximately $44,000. Blair William & Co. IL bought a new stake in First Trust Mid Cap Core AlphaDEX Fund in the 2nd quarter worth approximately $47,000. Finally, Russell Investments Group Ltd. raised its stake in First Trust Mid Cap Core AlphaDEX Fund by 5,077.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 466 shares of the company’s stock valued at $58,000 after buying an additional 457 shares during the last quarter.

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.