First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) Stock Price Up 0.3% – Still a Buy?

First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK)’s stock price rose 0.3% on Monday . The stock traded as high as $55.83 and last traded at $55.63. Approximately 13,748 shares were traded during trading, a decline of 15% from the average daily volume of 16,211 shares. The stock had previously closed at $55.45.

First Trust Mid Cap Value AlphaDEX Fund Stock Performance

The company has a fifty day moving average of $54.40 and a two-hundred day moving average of $53.14. The company has a market cap of $224.41 million, a PE ratio of 10.86 and a beta of 1.29.

First Trust Mid Cap Value AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were paid a $0.2554 dividend. 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. This represents a $1.02 dividend on an annualized basis and a yield of 1.84%.

Institutional Trading of First Trust Mid Cap Value AlphaDEX Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC grew its position in shares of First Trust Mid Cap Value AlphaDEX Fund by 95.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,816 shares of the company’s stock worth $93,000 after buying an additional 885 shares in the last quarter. Great Valley Advisor Group Inc. bought a new position in shares of First Trust Mid Cap Value AlphaDEX Fund during the 3rd quarter worth $214,000. Jane Street Group LLC bought a new position in shares of First Trust Mid Cap Value AlphaDEX Fund during the 3rd quarter worth $223,000. Moors & Cabot Inc. bought a new position in shares of First Trust Mid Cap Value AlphaDEX Fund during the 3rd quarter worth $235,000. Finally, Jaffetilchin Investment Partners LLC bought a new position in shares of First Trust Mid Cap Value AlphaDEX Fund during the 1st quarter worth $256,000.

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.