First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Reaches New 52-Week High – Here’s What Happened

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $141.00 and last traded at $140.84, with a volume of 1916 shares traded. The stock had previously closed at $138.78.

First Trust Mid Cap Core AlphaDEX Fund Stock Up 1.5%

The firm has a 50 day moving average of $133.75 and a two-hundred day moving average of $131.34. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 14.19 and a beta of 1.07.

First Trust Mid Cap Core AlphaDEX Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were issued a $0.3141 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 0.9%.

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Western Wealth Management LLC increased its position in First Trust Mid Cap Core AlphaDEX Fund by 2.4% in the 1st quarter. Western Wealth Management LLC now owns 37,693 shares of the company’s stock valued at $4,834,000 after acquiring an additional 873 shares during the period. Bank of America Corp DE increased its holdings in First Trust Mid Cap Core AlphaDEX Fund by 57.0% in the first quarter. Bank of America Corp DE now owns 205,567 shares of the company’s stock valued at $26,362,000 after purchasing an additional 74,594 shares during the period. Royal Bank of Canada raised its position in First Trust Mid Cap Core AlphaDEX Fund by 4.8% during the 1st quarter. Royal Bank of Canada now owns 273,951 shares of the company’s stock worth $35,132,000 after purchasing an additional 12,540 shares during the last quarter. Cetera Investment Advisers lifted its holdings in First Trust Mid Cap Core AlphaDEX Fund by 1.2% during the 1st quarter. Cetera Investment Advisers now owns 198,133 shares of the company’s stock worth $25,409,000 after buying an additional 2,319 shares during the period. Finally, First Trust Advisors LP lifted its holdings in First Trust Mid Cap Core AlphaDEX Fund by 1,359.9% during the 1st quarter. First Trust Advisors LP now owns 32,527 shares of the company’s stock worth $4,171,000 after buying an additional 30,299 shares during the period.

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.