First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) Shares Up 0.3% – Time to Buy?

First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK)’s share price shot up 0.3% on Tuesday . The company traded as high as $61.06 and last traded at $60.91. 4,514 shares traded hands during trading, a decline of 42% from the average session volume of 7,730 shares. The stock had previously closed at $60.70.

First Trust Mid Cap Value AlphaDEX Fund Price Performance

The firm has a market cap of $219.28 million, a PE ratio of 10.44 and a beta of 1.08. The stock has a 50-day moving average price of $57.53 and a 200 day moving average price of $55.56.

First Trust Mid Cap Value AlphaDEX Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a dividend of $0.2872 per share. This represents a $1.15 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Friday, December 12th. This is an increase from First Trust Mid Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.20.

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

A number of institutional investors have recently bought and sold shares of FNK. Kingsview Wealth Management LLC raised its stake in First Trust Mid Cap Value AlphaDEX Fund by 1.0% during the second quarter. Kingsview Wealth Management LLC now owns 33,425 shares of the company’s stock worth $1,730,000 after purchasing an additional 338 shares during the period. Equitable Holdings Inc. increased its holdings in shares of First Trust Mid Cap Value AlphaDEX Fund by 2.2% during the 3rd quarter. Equitable Holdings Inc. now owns 18,464 shares of the company’s stock worth $1,020,000 after buying an additional 406 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of First Trust Mid Cap Value AlphaDEX Fund during the 3rd quarter worth $31,000. Sound Income Strategies LLC purchased a new position in shares of First Trust Mid Cap Value AlphaDEX Fund in the 4th quarter worth $58,000. Finally, Geneos Wealth Management Inc. boosted its holdings in First Trust Mid Cap Value AlphaDEX Fund by 200.0% in the second quarter. Geneos Wealth Management Inc. now owns 2,400 shares of the company’s stock valued at $124,000 after acquiring an additional 1,600 shares during the last quarter.

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.