First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) Stock Crosses Above 200-Day Moving Average - Here's Why

First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $53.24 and traded as high as $58.11. First Trust Mid Cap Value AlphaDEX Fund shares last traded at $57.73, with a volume of 7,047 shares.

First Trust Mid Cap Value AlphaDEX Fund Trading Up 0.1 %

The firm has a fifty day moving average price of $54.75 and a 200 day moving average price of $53.27. The firm has a market cap of $233.93 million, a PE ratio of 10.86 and a beta of 1.29.

First Trust Mid Cap Value AlphaDEX Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a $0.2554 dividend. This represents a $1.02 annualized dividend and a yield of 1.77%. This is a positive change from First Trust Mid Cap Value AlphaDEX Fund's previous quarterly dividend of $0.21. The ex-dividend date was Thursday, September 26th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FNK. Janney Montgomery Scott LLC increased its position in shares of First Trust Mid Cap Value AlphaDEX Fund by 0.6% during the third quarter. Janney Montgomery Scott LLC now owns 37,585 shares of the company's stock valued at $2,048,000 after acquiring an additional 207 shares during the last quarter. Raymond James & Associates boosted its position in shares of First Trust Mid Cap Value AlphaDEX Fund by 1.3% during the 3rd quarter. Raymond James & Associates now owns 55,317 shares of the company's stock worth $3,014,000 after purchasing an additional 693 shares during the period. GAMMA Investing LLC increased its holdings in First Trust Mid Cap Value AlphaDEX Fund by 95.1% in the 2nd quarter. GAMMA Investing LLC now owns 1,816 shares of the company's stock valued at $93,000 after purchasing an additional 885 shares during the last quarter. Stifel Financial Corp raised its position in First Trust Mid Cap Value AlphaDEX Fund by 6.5% in the third quarter. Stifel Financial Corp now owns 24,407 shares of the company's stock valued at $1,330,000 after purchasing an additional 1,479 shares during the period. Finally, Commonwealth Equity Services LLC lifted its stake in 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

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.