First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Sees Unusually-High Trading Volume – Here’s What Happened

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) saw strong trading volume on Friday . 29,513 shares traded hands during trading, an increase of 77% from the previous session’s volume of 16,668 shares.The stock last traded at $115.14 and had previously closed at $116.58.

First Trust Mid Cap Core AlphaDEX Fund Price Performance

The firm has a market cap of $1.23 billion, a P/E ratio of 13.43 and a beta of 1.20. The firm’s 50 day moving average is $120.57 and its 200 day moving average is $115.90.

First Trust Mid Cap Core AlphaDEX Fund Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.4657 per share. The ex-dividend date of this dividend was Friday, December 13th. This is a positive change from First Trust Mid Cap Core AlphaDEX Fund’s previous dividend of $0.35.

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

Several institutional investors and hedge funds have recently made changes to their positions in the company. LPL Financial LLC boosted its position in shares of First Trust Mid Cap Core AlphaDEX Fund by 4.9% during the third quarter. LPL Financial LLC now owns 902,719 shares of the company’s stock valued at $105,753,000 after buying an additional 42,038 shares during the last quarter. National Bank of Canada FI boosted its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 9,554.2% during the 3rd quarter. National Bank of Canada FI now owns 191,926 shares of the company’s stock valued at $22,484,000 after acquiring an additional 189,938 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 10,294.5% during the 3rd quarter. International Assets Investment Management LLC now owns 184,607 shares of the company’s stock valued at $21,627,000 after acquiring an additional 182,831 shares during the last quarter. Stifel Financial Corp grew its stake in shares of First Trust Mid Cap Core AlphaDEX Fund by 0.9% in the third quarter. Stifel Financial Corp now owns 88,120 shares of the company’s stock worth $10,323,000 after acquiring an additional 822 shares during the period. Finally, Lakeridge Wealth Management LLC raised its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 5.9% during the third quarter. Lakeridge Wealth Management LLC now owns 69,606 shares of the company’s stock valued at $8,154,000 after purchasing an additional 3,860 shares during the last quarter.

About First Trust Mid Cap Core AlphaDEX Fund

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.