First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Shares Up 1.2% – Should You Buy?

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX)’s share price traded up 1.2% on Friday . The stock traded as high as $117.17 and last traded at $117.17. 13,896 shares traded hands during mid-day trading, a decline of 32% from the average session volume of 20,398 shares. The stock had previously closed at $115.77.

First Trust Mid Cap Core AlphaDEX Fund Price Performance

The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 13.43 and a beta of 1.20. The company’s 50-day simple moving average is $120.56 and its 200-day simple moving average is $115.66.

First Trust Mid Cap Core AlphaDEX Fund Increases Dividend

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

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

A number of institutional investors have recently modified their holdings of FNX. National Bank of Canada FI grew its position in First Trust Mid Cap Core AlphaDEX Fund by 9,554.2% during the third quarter. National Bank of Canada FI now owns 191,926 shares of the company’s stock worth $22,484,000 after buying an additional 189,938 shares in the last quarter. International Assets Investment Management LLC lifted its position 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 period. Benjamin Edwards Inc. acquired a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund during the 3rd quarter worth $7,113,000. Sanctuary Advisors LLC bought a new position in shares of First Trust Mid Cap Core AlphaDEX Fund in the second quarter worth $5,757,000. Finally, LPL Financial LLC raised its stake in First Trust Mid Cap Core AlphaDEX Fund by 4.9% in the third quarter. LPL Financial LLC now owns 902,719 shares of the company’s stock valued at $105,753,000 after purchasing an additional 42,038 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.