First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Trading 0.7% Higher – Here’s Why

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) shares shot up 0.7% during mid-day trading on Wednesday . The company traded as high as $116.50 and last traded at $116.43. 40,668 shares traded hands during trading, an increase of 25% from the average session volume of 32,593 shares. The stock had previously closed at $115.65.

First Trust Mid Cap Core AlphaDEX Fund Stock Up 0.7%

The stock has a market cap of $1.14 billion, a P/E ratio of 14.19 and a beta of 1.20. The stock has a fifty day simple moving average of $113.44 and a 200-day simple moving average of $112.32.

First Trust Mid Cap Core AlphaDEX Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were issued a dividend of $0.2671 per share. The ex-dividend date was Thursday, June 26th. This represents a $1.07 dividend on an annualized basis and a yield of 0.92%. This is a boost from First Trust Mid Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.26.

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

Hedge funds have recently bought and sold shares of the company. AssuredPartners Investment Advisors LLC bought a new position in First Trust Mid Cap Core AlphaDEX Fund during the fourth quarter worth about $12,518,000. Three Cord True Wealth Management LLC acquired a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund during the fourth quarter worth about $12,391,000. GAMMA Investing LLC lifted its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 10,798.0% during the 1st quarter. GAMMA Investing LLC now owns 101,024 shares of the company’s stock valued at $11,010,000 after purchasing an additional 100,097 shares in the last quarter. Susquehanna International Group LLP lifted its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 816.2% during the 4th quarter. Susquehanna International Group LLP now owns 34,814 shares of the company’s stock valued at $4,029,000 after purchasing an additional 31,014 shares in the last quarter. Finally, LPL Financial LLC grew its position in shares of First Trust Mid Cap Core AlphaDEX Fund by 3.1% in the 4th quarter. LPL Financial LLC now owns 930,345 shares of the company’s stock valued at $107,660,000 after purchasing an additional 27,626 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.