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

First Trust Mid Cap Core AlphaDEX Fund logo with Manufacturing background

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX - Get Free Report) shares saw strong trading volume on Friday . 141,215 shares changed hands during trading, an increase of 339% from the previous session's volume of 32,198 shares.The stock last traded at $98.47 and had previously closed at $103.31.

First Trust Mid Cap Core AlphaDEX Fund Price Performance

The firm has a market cap of $1.05 billion, a PE ratio of 13.42 and a beta of 1.20. The company's 50 day moving average price is $111.67 and its 200 day moving average price is $116.68.

First Trust Mid Cap Core AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were given a $0.2561 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.02 annualized dividend and a yield of 0.99%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Golden State Wealth Management LLC acquired a new stake in First Trust Mid Cap Core AlphaDEX Fund in the 4th quarter valued at about $31,000. Global Retirement Partners LLC raised its holdings in First Trust Mid Cap Core AlphaDEX Fund by 19.0% in the fourth quarter. Global Retirement Partners LLC now owns 953 shares of the company's stock valued at $110,000 after acquiring an additional 152 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in First Trust Mid Cap Core AlphaDEX Fund by 53.1% in the fourth quarter. JPMorgan Chase & Co. now owns 1,424 shares of the company's stock worth $165,000 after acquiring an additional 494 shares during the last quarter. J.W. Cole Advisors Inc. purchased a new position in First Trust Mid Cap Core AlphaDEX Fund in the fourth quarter worth approximately $201,000. Finally, Integrated Wealth Concepts LLC acquired a new position in First Trust Mid Cap Core AlphaDEX Fund during the 4th quarter worth approximately $205,000.

First Trust Mid Cap Core AlphaDEX Fund Company Profile

(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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