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First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Sees Strong Trading Volume - Here's Why

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First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX - Get Free Report) saw unusually-high trading volume on Thursday . Approximately 211,084 shares were traded during mid-day trading, an increase of 576% from the previous session's volume of 31,215 shares.The stock last traded at $105.42 and had previously closed at $107.09.

First Trust Mid Cap Core AlphaDEX Fund Stock Up 1.6 %

The business's fifty day moving average is $116.83 and its two-hundred day moving average is $117.77. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 13.58 and a beta of 1.20.

Institutional Trading of First Trust Mid Cap Core AlphaDEX Fund

A number of institutional investors have recently modified their holdings of FNX. Raymond James Financial Inc. acquired a new position in shares of First Trust Mid Cap Core AlphaDEX Fund in the 4th quarter valued at $58,781,000. National Bank of Canada FI raised its stake 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 valued at $22,484,000 after buying an additional 189,938 shares in the last quarter. AssuredPartners Investment Advisors LLC bought a new position in shares of First Trust Mid Cap Core AlphaDEX Fund in the 4th quarter worth about $12,518,000. Three Cord True Wealth Management LLC acquired a new position in First Trust Mid Cap Core AlphaDEX Fund during the 4th quarter valued at approximately $12,391,000. Finally, Benjamin Edwards Inc. bought a new position in First Trust Mid Cap Core AlphaDEX Fund in the 3rd quarter worth about $7,113,000.

About First Trust Mid Cap Core AlphaDEX Fund

(Get Free Report)

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.

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