First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Sees Strong Trading Volume – Here’s Why

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) saw strong trading volume on Thursday . 94,362 shares were traded during mid-day trading, an increase of 174% from the previous session’s volume of 34,427 shares.The stock last traded at $121.33 and had previously closed at $121.29.

First Trust Mid Cap Core AlphaDEX Fund Stock Down 0.4 %

The company has a market cap of $1.29 billion, a PE ratio of 13.43 and a beta of 1.20. The business’s fifty day moving average is $120.24 and its 200-day moving average is $116.77.

First Trust Mid Cap Core AlphaDEX Fund Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a dividend of $0.4657 per share. The ex-dividend date of this dividend was Friday, December 13th. This is an increase from First Trust Mid Cap Core AlphaDEX Fund’s previous dividend of $0.35.

Hedge Funds Weigh In On First Trust Mid Cap Core AlphaDEX Fund

Hedge funds have recently modified their holdings of the stock. Kingswood Wealth Advisors LLC bought a new stake in First Trust Mid Cap Core AlphaDEX Fund in the fourth quarter worth $221,000. Pure Financial Advisors LLC bought a new stake in First Trust Mid Cap Core AlphaDEX Fund in the fourth quarter worth $239,000. Schrum Private Wealth Management LLC bought a new stake in First Trust Mid Cap Core AlphaDEX Fund in the third quarter worth $249,000. Elios Financial Group Inc. bought a new stake in First Trust Mid Cap Core AlphaDEX Fund in the third quarter worth $272,000. Finally, FMR LLC increased its position in First Trust Mid Cap Core AlphaDEX Fund by 8.4% in the third quarter. FMR LLC now owns 2,648 shares of the company’s stock worth $310,000 after purchasing an additional 205 shares during 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.