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First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) Stock Price Down 0.8% - Here's What Happened

First Trust Mid Cap Value AlphaDEX Fund logo with background

First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK - Get Free Report)'s stock price fell 0.8% during mid-day trading on Friday . The company traded as low as $50.27 and last traded at $50.51. 4,712 shares changed hands during trading, a decline of 67% from the average session volume of 14,466 shares. The stock had previously closed at $50.91.

First Trust Mid Cap Value AlphaDEX Fund Trading Down 0.5 %

The firm has a market cap of $215.71 million, a PE ratio of 11.26 and a beta of 1.29. The firm has a fifty day simple moving average of $53.12 and a two-hundred day simple moving average of $54.06.

Institutional Trading of First Trust Mid Cap Value AlphaDEX Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FNK. Oarsman Capital Inc. bought a new position in First Trust Mid Cap Value AlphaDEX Fund in the 4th quarter worth $63,000. GAMMA Investing LLC increased its position in shares of First Trust Mid Cap Value AlphaDEX Fund by 11.5% during the fourth quarter. GAMMA Investing LLC now owns 2,025 shares of the company's stock valued at $108,000 after buying an additional 209 shares during the period. Great Valley Advisor Group Inc. purchased a new position in shares of First Trust Mid Cap Value AlphaDEX Fund during the 3rd quarter worth approximately $214,000. Jane Street Group LLC purchased a new position in shares of First Trust Mid Cap Value AlphaDEX Fund in the 3rd quarter valued at approximately $223,000. Finally, Moors & Cabot Inc. bought a new stake in shares of First Trust Mid Cap Value AlphaDEX Fund during the third quarter valued at approximately $235,000.

About First Trust Mid Cap Value AlphaDEX Fund

(Get Free Report)

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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