First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Stock Jumps 1.6% – Here’s What Happened

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX)’s share price was up 1.6% during mid-day trading on Thursday. The company traded as high as $138.05 and last traded at $138.03. 19,039 shares were traded during trading, a decline of 10% from the average session volume of 21,110 shares. The stock had previously closed at $135.88.

First Trust Mid Cap Core AlphaDEX Fund Stock Performance

The stock has a market capitalization of $1.35 billion, a P/E ratio of 14.19 and a beta of 1.07. The firm’s fifty day simple moving average is $141.53 and its 200 day simple moving average is $140.43.

First Trust Mid Cap Core AlphaDEX Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were issued a dividend of $0.4106 per share. This is a boost from First Trust Mid Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.2660. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.2%.

Institutional Trading of First Trust Mid Cap Core AlphaDEX Fund

Several large investors have recently made changes to their positions in the company. Purus Wealth Management LLC increased its stake in First Trust Mid Cap Core AlphaDEX Fund by 26.8% in the third quarter. Purus Wealth Management LLC now owns 15,535 shares of the company’s stock valued at $2,096,000 after acquiring an additional 3,286 shares during the last quarter. Truefg LLC raised its position in First Trust Mid Cap Core AlphaDEX Fund by 33.4% during the third quarter. Truefg LLC now owns 2,482 shares of the company’s stock valued at $335,000 after purchasing an additional 621 shares in the last quarter. Mather Group LLC. bought a new stake in First Trust Mid Cap Core AlphaDEX Fund during the third quarter worth $27,000. Triumph Capital Management lifted its stake in First Trust Mid Cap Core AlphaDEX Fund by 3.2% during the third quarter. Triumph Capital Management now owns 10,267 shares of the company’s stock worth $1,385,000 after purchasing an additional 322 shares during the last quarter. Finally, Boyce & Associates Wealth Consulting Inc. lifted its stake in First Trust Mid Cap Core AlphaDEX Fund by 25.3% during the third quarter. Boyce & Associates Wealth Consulting Inc. now owns 2,036 shares of the company’s stock worth $275,000 after purchasing an additional 411 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.