First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Shares of First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $53.24 and traded as high as $58.11. First Trust Mid Cap Value AlphaDEX Fund shares last traded at $57.73, with a volume of 7,047 shares traded.

First Trust Mid Cap Value AlphaDEX Fund Stock Down 0.9 %

The business’s 50-day simple moving average is $54.67 and its two-hundred day simple moving average is $53.24. The firm has a market capitalization of $233.80 million, a price-to-earnings ratio of 10.86 and a beta of 1.29.

First Trust Mid Cap Value AlphaDEX Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a $0.2554 dividend. This represents a $1.02 annualized dividend and a yield of 1.77%. The ex-dividend date was Thursday, September 26th. This is an increase from First Trust Mid Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.21.

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

Institutional investors and hedge funds have recently modified their holdings of the company. GAMMA Investing LLC lifted its holdings in First Trust Mid Cap Value AlphaDEX Fund by 95.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,816 shares of the company’s stock worth $93,000 after buying an additional 885 shares in the last quarter. Great Valley Advisor Group Inc. purchased a new stake in shares of First Trust Mid Cap Value AlphaDEX Fund during the third quarter worth $214,000. Jane Street Group LLC acquired a new stake in shares of First Trust Mid Cap Value AlphaDEX Fund in the third quarter valued at $223,000. Moors & Cabot Inc. purchased a new position in First Trust Mid Cap Value AlphaDEX Fund in the third quarter valued at $235,000. Finally, Jaffetilchin Investment Partners LLC acquired a new position in First Trust Mid Cap Value AlphaDEX Fund during the 1st quarter worth $256,000.

About First Trust Mid Cap Value AlphaDEX Fund

The First Trust Mid Cap Value AlphaDEX Fund (FNK) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Mid Cap Value index. The fund tracks a mid-cap index that selects value stocks using quant methodology and applies an equal-tiered weighting scheme. FNK was launched on Apr 18, 2011 and is managed by First Trust.