First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK - Get Free Report)'s share price shot up 0.4% during mid-day trading on Monday . The stock traded as high as $54.13 and last traded at $54.01. 52,008 shares traded hands during trading, an increase of 70% from the average session volume of 30,516 shares. The stock had previously closed at $53.79.
First Trust Mid Cap Value AlphaDEX Fund Stock Up 0.1 %
The stock has a market capitalization of $228.02 million, a P/E ratio of 10.86 and a beta of 1.29. The company has a fifty day moving average price of $54.46 and a 200-day moving average price of $54.32.
First Trust Mid Cap Value AlphaDEX Fund Announces Dividend
The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a dividend of $0.291 per share. The ex-dividend date of this dividend was Friday, December 13th.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. Janney Montgomery Scott LLC lifted its position in First Trust Mid Cap Value AlphaDEX Fund by 0.6% during the 3rd quarter. Janney Montgomery Scott LLC now owns 37,585 shares of the company's stock worth $2,048,000 after acquiring an additional 207 shares during the period. GAMMA Investing LLC boosted its holdings in First Trust Mid Cap Value AlphaDEX Fund by 11.5% in the 4th quarter. GAMMA Investing LLC now owns 2,025 shares of the company's stock worth $108,000 after buying an additional 209 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of First Trust Mid Cap Value AlphaDEX Fund by 0.3% in the fourth quarter. Wells Fargo & Company MN now owns 248,621 shares of the company's stock worth $13,304,000 after acquiring an additional 689 shares during the last quarter. Raymond James & Associates increased its position in shares of First Trust Mid Cap Value AlphaDEX Fund by 1.3% during the third quarter. Raymond James & Associates now owns 55,317 shares of the company's stock worth $3,014,000 after purchasing an additional 693 shares in the last quarter. Finally, Oarsman Capital Inc. acquired a new position in First Trust Mid Cap Value AlphaDEX Fund in the 4th quarter valued at $63,000.
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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