First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Hits New 52-Week High – Here’s Why

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $125.37 and last traded at $125.30, with a volume of 9402 shares changing hands. The stock had previously closed at $123.49.

First Trust Mid Cap Core AlphaDEX Fund Stock Performance

The stock has a market capitalization of $1.34 billion, a P/E ratio of 13.43 and a beta of 1.20. The business has a fifty day simple moving average of $118.22 and a 200-day simple moving average of $113.48.

First Trust Mid Cap Core AlphaDEX Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a dividend of $0.4808 per share. The ex-dividend date was Thursday, September 26th. This is a positive change from First Trust Mid Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.44. This represents a $1.92 annualized dividend and a yield of 1.53%.

Institutional Trading of First Trust Mid Cap Core AlphaDEX Fund

Several large investors have recently made changes to their positions in FNX. Kingsview Wealth Management LLC increased its stake in First Trust Mid Cap Core AlphaDEX Fund by 3.8% during the 3rd quarter. Kingsview Wealth Management LLC now owns 3,671 shares of the company’s stock valued at $430,000 after purchasing an additional 134 shares in the last quarter. Kowal Investment Group LLC increased its position in shares of First Trust Mid Cap Core AlphaDEX Fund by 2.3% during the second quarter. Kowal Investment Group LLC now owns 6,902 shares of the company’s stock worth $749,000 after acquiring an additional 155 shares in the last quarter. FMR LLC raised its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 8.4% in the 3rd quarter. FMR LLC now owns 2,648 shares of the company’s stock worth $310,000 after acquiring an additional 205 shares during the last quarter. ABLE Financial Group LLC lifted its position in First Trust Mid Cap Core AlphaDEX Fund by 7.1% in the 3rd quarter. ABLE Financial Group LLC now owns 3,228 shares of the company’s stock valued at $378,000 after acquiring an additional 214 shares in the last quarter. Finally, Sigma Planning Corp lifted its position in First Trust Mid Cap Core AlphaDEX Fund by 4.9% in the 3rd quarter. Sigma Planning Corp now owns 6,004 shares of the company’s stock valued at $703,000 after acquiring an additional 278 shares in the last quarter.

About First Trust Mid Cap Core AlphaDEX Fund

The First Trust Mid Cap Core AlphaDEX Fund (FNX) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Mid Cap Core index. The fund tracks a tiered equal-weighted index of US mid-cap equities selected using both growth and value screens. FNX was launched on May 8, 2007 and is managed by First Trust.