First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Sets New 52-Week Low - Here's Why

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX - Get Free Report) shares hit a new 52-week low during trading on Thursday . The company traded as low as $104.21 and last traded at $104.35, with a volume of 9413 shares. The stock had previously closed at $111.14.

First Trust Mid Cap Core AlphaDEX Fund Price Performance

The stock has a market capitalization of $968.18 million, a price-to-earnings ratio of 13.42 and a beta of 1.20. The firm has a fifty day moving average of $113.40 and a 200 day moving average of $117.18.

First Trust Mid Cap Core AlphaDEX Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were paid a $0.2561 dividend. This represents a $1.02 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend was Thursday, March 27th.

Institutional Trading of First Trust Mid Cap Core AlphaDEX Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. LPL Financial LLC boosted its stake in shares of First Trust Mid Cap Core AlphaDEX Fund by 3.1% during the 4th quarter. LPL Financial LLC now owns 930,345 shares of the company's stock worth $107,660,000 after acquiring an additional 27,626 shares in the last quarter. Raymond James Financial Inc. purchased a new position in First Trust Mid Cap Core AlphaDEX Fund during the fourth quarter worth approximately $58,781,000. Royal Bank of Canada grew its holdings in First Trust Mid Cap Core AlphaDEX Fund by 8.5% in the fourth quarter. Royal Bank of Canada now owns 248,407 shares of the company's stock valued at $28,745,000 after purchasing an additional 19,517 shares during the period. National Bank of Canada FI increased its position in shares of First Trust Mid Cap Core AlphaDEX Fund by 3.1% in the fourth quarter. National Bank of Canada FI now owns 197,940 shares of the company's stock valued at $22,906,000 after buying an additional 6,014 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in shares of First Trust Mid Cap Core AlphaDEX Fund by 2.2% during the 4th quarter. Cetera Investment Advisers now owns 169,285 shares of the company's stock worth $19,590,000 after buying an additional 3,675 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.