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

Shares of First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) saw unusually-strong trading volume on Wednesday . Approximately 50,775 shares changed hands during mid-day trading, an increase of 82% from the previous session’s volume of 27,909 shares.The stock last traded at $128.3140 and had previously closed at $128.97.

First Trust Mid Cap Core AlphaDEX Fund Price Performance

The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 14.19 and a beta of 1.12. The business has a fifty day moving average of $133.90 and a 200 day moving average of $128.37.

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

Several institutional investors and hedge funds have recently modified their holdings of FNX. Jane Street Group LLC acquired a new position in First Trust Mid Cap Core AlphaDEX Fund during the first quarter worth $267,000. MTM Investment Management LLC bought a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund during the 2nd quarter worth about $28,000. Richmond Investment Services LLC increased its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 100.1% during the 2nd quarter. Richmond Investment Services LLC now owns 4,178 shares of the company’s stock valued at $480,000 after acquiring an additional 2,090 shares during the last quarter. J.W. Cole Advisors Inc. acquired a new position in shares of First Trust Mid Cap Core AlphaDEX Fund during the 2nd quarter valued at about $245,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of First Trust Mid Cap Core AlphaDEX Fund by 18.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 56,553 shares of the company’s stock valued at $6,495,000 after acquiring an additional 8,805 shares in 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.