Shares of First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $53.47 and traded as high as $57.49. First Trust Mid Cap Value AlphaDEX Fund shares last traded at $56.81, with a volume of 10,281 shares traded.
First Trust Mid Cap Value AlphaDEX Fund Trading Down 0.7 %
The stock has a 50-day moving average price of $55.21 and a 200 day moving average price of $53.47. The stock has a market capitalization of $228.38 million, a price-to-earnings ratio of 10.86 and a beta of 1.29.
First Trust Mid Cap Value AlphaDEX Fund Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a $0.2554 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This is a boost from First Trust Mid Cap Value AlphaDEX Fund's previous quarterly dividend of $0.21. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.81%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Janney Montgomery Scott LLC boosted its holdings in First Trust Mid Cap Value AlphaDEX Fund by 0.6% in the 3rd quarter. Janney Montgomery Scott LLC now owns 37,585 shares of the company's stock worth $2,048,000 after buying an additional 207 shares during the last quarter. Raymond James & Associates lifted its position in shares of First Trust Mid Cap Value AlphaDEX Fund by 1.3% in the third quarter. Raymond James & Associates now owns 55,317 shares of the company's stock valued at $3,014,000 after acquiring an additional 693 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of First Trust Mid Cap Value AlphaDEX Fund by 95.1% in the second quarter. GAMMA Investing LLC now owns 1,816 shares of the company's stock worth $93,000 after acquiring an additional 885 shares during the last quarter. Stifel Financial Corp increased its position in shares of First Trust Mid Cap Value AlphaDEX Fund by 6.5% during the third quarter. Stifel Financial Corp now owns 24,407 shares of the company's stock worth $1,330,000 after purchasing an additional 1,479 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its position in shares of First Trust Mid Cap Value AlphaDEX Fund by 4.7% during the second quarter. Commonwealth Equity Services LLC now owns 38,643 shares of the company's stock worth $1,973,000 after purchasing an additional 1,736 shares in the last quarter.
First Trust Mid Cap Value AlphaDEX Fund Company Profile
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The First Trust Mid Cap Value AlphaDEX Fund (FNK) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Mid Cap Value index. The fund tracks a mid-cap index that selects value stocks using quant methodology and applies an equal-tiered weighting scheme. FNK was launched on Apr 18, 2011 and is managed by First Trust.
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