First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Sees Unusually-High Trading Volume – Time to Buy?

Shares of First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) saw strong trading volume on Thursday. Approximately 14,402 shares were traded during mid-day trading, a decline of 33% from the previous session’s volume of 21,344 shares. The stock last traded at $138.6310 and had previously closed at $138.85.

First Trust Mid Cap Core AlphaDEX Fund Trading Up 0.1%

The stock has a market cap of $1.35 billion, a P/E ratio of 14.19 and a beta of 1.07. The firm’s fifty day moving average is $140.82 and its 200 day moving average is $140.71.

First Trust Mid Cap Core AlphaDEX Fund Increases Dividend

The firm 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 represents a $1.64 dividend on an annualized basis and a dividend yield of 1.2%. This is a boost from First Trust Mid Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.2660. The ex-dividend date was Thursday, September 24th.

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

Several hedge funds have recently modified their holdings of the business. Mather Group LLC. bought a new position in First Trust Mid Cap Core AlphaDEX Fund during the third quarter worth $27,000. Ascentis Independent Advisors bought a new position in shares of First Trust Mid Cap Core AlphaDEX Fund during the 1st quarter worth about $31,000. Parallel Advisors LLC raised its position in shares of First Trust Mid Cap Core AlphaDEX Fund by 942.6% during the first quarter. Parallel Advisors LLC now owns 1,053 shares of the company’s stock valued at $135,000 after buying an additional 952 shares during the last quarter. Compass Financial Management LLC acquired a new position in shares of First Trust Mid Cap Core AlphaDEX Fund during the second quarter valued at about $150,000. Finally, Whittier Trust Co. of Nevada Inc. acquired a new position in shares of First Trust Mid Cap Core AlphaDEX Fund during the first quarter valued at about $195,000.

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.