First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Sets New 1-Year High – Time to Buy?

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $121.42 and last traded at $121.42, with a volume of 202 shares changing hands. The stock had previously closed at $117.50.

First Trust Mid Cap Core AlphaDEX Fund Stock Performance

The firm’s fifty day simple moving average is $115.96 and its 200 day simple moving average is $112.33. The firm has a market cap of $1.31 billion, a P/E ratio of 13.43 and a beta of 1.20.

First Trust Mid Cap Core AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a $0.4808 dividend. This is an increase from First Trust Mid Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.44. The ex-dividend date was Thursday, September 26th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.57%.

Institutional Trading of First Trust Mid Cap Core AlphaDEX Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FNX. GAMMA Investing LLC purchased a new position in First Trust Mid Cap Core AlphaDEX Fund during the second quarter valued at approximately $101,000. Larson Financial Group LLC boosted its stake in First Trust Mid Cap Core AlphaDEX Fund by 911.8% in the second quarter. Larson Financial Group LLC now owns 1,032 shares of the company’s stock valued at $112,000 after acquiring an additional 930 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in First Trust Mid Cap Core AlphaDEX Fund in the second quarter valued at approximately $177,000. International Assets Investment Management LLC acquired a new stake in First Trust Mid Cap Core AlphaDEX Fund in the second quarter valued at approximately $193,000. Finally, Schrum Private Wealth Management LLC acquired a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund during the third quarter worth $249,000.

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.