First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Stock Price Up 1.3% – Here’s What Happened

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX)’s share price shot up 1.3% on Tuesday . The company traded as high as $112.33 and last traded at $112.06. 22,074 shares traded hands during trading, a decline of 37% from the average session volume of 35,198 shares. The stock had previously closed at $110.66.

First Trust Mid Cap Core AlphaDEX Fund Stock Performance

The company’s 50 day simple moving average is $106.32 and its 200-day simple moving average is $113.77. The firm has a market capitalization of $1.13 billion, a PE ratio of 14.75 and a beta of 1.20.

First Trust Mid Cap Core AlphaDEX Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were given a $0.2561 dividend. The ex-dividend date was Thursday, March 27th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 0.91%.

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. Raymond James Financial Inc. bought a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund during the 4th quarter valued at about $58,781,000. AssuredPartners Investment Advisors LLC purchased a new stake in First Trust Mid Cap Core AlphaDEX Fund in the fourth quarter valued at approximately $12,518,000. Three Cord True Wealth Management LLC bought a new stake in First Trust Mid Cap Core AlphaDEX Fund during the fourth quarter valued at approximately $12,391,000. GAMMA Investing LLC grew its stake in First Trust Mid Cap Core AlphaDEX Fund by 10,798.0% in the 1st quarter. GAMMA Investing LLC now owns 101,024 shares of the company’s stock worth $11,010,000 after buying an additional 100,097 shares in the last quarter. Finally, Susquehanna International Group LLP increased its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 816.2% in the 4th quarter. Susquehanna International Group LLP now owns 34,814 shares of the company’s stock worth $4,029,000 after buying an additional 31,014 shares during the last quarter.

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.