First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Sees Large Volume Increase - What's Next?

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX - Get Free Report) saw strong trading volume on Tuesday . 13,704 shares traded hands during mid-day trading, a decline of 48% from the previous session's volume of 26,313 shares.The stock last traded at $119.93 and had previously closed at $120.72.

First Trust Mid Cap Core AlphaDEX Fund Stock Performance

The stock has a fifty day moving average price of $117.29 and a 200 day moving average price of $113.14. The stock has a market cap of $1.29 billion, a PE ratio of 13.43 and a beta of 1.20.

First Trust Mid Cap Core AlphaDEX Fund Increases Dividend

The firm also recently declared 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 is a positive change from First Trust Mid Cap Core AlphaDEX Fund's previous quarterly dividend of $0.44. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date was Thursday, September 26th.

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

Several large investors have recently added to or reduced their stakes in FNX. LPL Financial LLC raised its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 4.9% in the 3rd quarter. LPL Financial LLC now owns 902,719 shares of the company's stock valued at $105,753,000 after purchasing an additional 42,038 shares in the last quarter. Kestra Advisory Services LLC lifted its holdings in shares of 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 purchasing an additional 47,752 shares during the period. Raymond James Financial Services Advisors Inc. lifted its stake in First Trust Mid Cap Core AlphaDEX Fund by 0.4% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 301,936 shares of the company's stock valued at $32,768,000 after acquiring an additional 1,154 shares during the period. Raymond James & Associates boosted its holdings 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 during the last quarter. Finally, National Bank of Canada FI boosted its stake in shares of First Trust Mid Cap Core AlphaDEX Fund by 9,554.2% in the third quarter. National Bank of Canada FI now owns 191,926 shares of the company's stock worth $22,484,000 after buying an additional 189,938 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.

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