First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Sees Unusually-High Trading Volume

Shares of First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) saw an uptick in trading volume on Tuesday . 54,425 shares were traded during trading, an increase of 96% from the previous session’s volume of 27,776 shares.The stock last traded at $115.37 and had previously closed at $117.15.

First Trust Mid Cap Core AlphaDEX Fund Trading Down 0.6 %

The business’s 50-day simple moving average is $113.26 and its two-hundred day simple moving average is $110.86. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 13.43 and a beta of 1.20.

First Trust Mid Cap Core AlphaDEX Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a dividend of $0.4808 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date was Thursday, September 26th. This is an increase from First Trust Mid Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.44.

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

Several large investors have recently added to or reduced their stakes in the business. LPL Financial LLC boosted its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 1.3% during the 2nd quarter. LPL Financial LLC now owns 860,681 shares of the company’s stock worth $93,407,000 after buying an additional 11,453 shares in the last quarter. Kestra Advisory Services LLC boosted its stake in First Trust Mid Cap Core AlphaDEX Fund by 16.0% during the first quarter. Kestra Advisory Services LLC now owns 345,678 shares of the company’s stock worth $39,190,000 after acquiring an additional 47,752 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in First Trust Mid Cap Core AlphaDEX Fund by 0.4% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 301,936 shares of the company’s stock worth $32,768,000 after purchasing an additional 1,154 shares during the period. Raymond James & Associates increased its stake in First Trust Mid Cap Core AlphaDEX Fund by 10.0% in the second quarter. Raymond James & Associates now owns 229,668 shares of the company’s stock valued at $24,925,000 after purchasing an additional 20,815 shares in the last quarter. Finally, Kaydan Wealth Management Inc. raised its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 1,353.6% during the first quarter. Kaydan Wealth Management Inc. now owns 211,293 shares of the company’s stock valued at $23,954,000 after purchasing an additional 196,757 shares during the period.

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.