First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) Shares Up 0.3% - Here's Why

First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK - Get Free Report) shares traded up 0.3% during mid-day trading on Monday . The company traded as high as $55.83 and last traded at $55.63. 13,748 shares changed hands during mid-day trading, a decline of 15% from the average session volume of 16,211 shares. The stock had previously closed at $55.45.

First Trust Mid Cap Value AlphaDEX Fund Price Performance

The firm has a market cap of $223.80 million, a P/E ratio of 10.86 and a beta of 1.29. The stock's 50-day simple moving average is $54.32 and its two-hundred day simple moving average is $53.12.

First Trust Mid Cap Value AlphaDEX Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a dividend of $0.2554 per share. The ex-dividend date 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 1.85%.

Institutional Investors Weigh In On First Trust Mid Cap Value AlphaDEX Fund

Several hedge funds and other institutional investors have recently modified their holdings of the business. Jane Street Group LLC purchased a new stake in First Trust Mid Cap Value AlphaDEX Fund in the 3rd quarter valued at about $223,000. Stifel Financial Corp boosted its holdings in shares of 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. Benjamin Edwards Inc. bought a new position in First Trust Mid Cap Value AlphaDEX Fund in the third quarter worth approximately $1,786,000. Great Valley Advisor Group Inc. purchased a new position in First Trust Mid Cap Value AlphaDEX Fund during the 3rd quarter worth $214,000. Finally, Moors & Cabot Inc. bought a new stake in First Trust Mid Cap Value AlphaDEX Fund during the 3rd quarter valued at $235,000.

About First Trust Mid Cap Value AlphaDEX Fund

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.