First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Sees Strong Trading Volume – Should You Buy?

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) shares saw an uptick in trading volume on Tuesday . 13,704 shares traded hands during trading, a decline of 48% from the previous session’s volume of 26,313 shares.The stock last traded at $119.93 and had previously closed at $120.72.

First Trust Mid Cap Core AlphaDEX Fund Stock Up 0.2 %

The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 13.43 and a beta of 1.20. The stock’s 50 day moving average is $117.74 and its 200 day moving average is $113.29.

First Trust Mid Cap Core AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a dividend of $0.4808 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.59%. This is a boost from First Trust Mid Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.44. The ex-dividend date was Thursday, September 26th.

Institutional Trading of First Trust Mid Cap Core AlphaDEX Fund

A number of large investors have recently added to or reduced their stakes in the business. National Bank of Canada FI boosted its holdings in First Trust Mid Cap Core AlphaDEX Fund by 9,554.2% during the third quarter. National Bank of Canada FI now owns 191,926 shares of the company’s stock worth $22,484,000 after buying an additional 189,938 shares in the last quarter. Stifel Financial Corp boosted its holdings in First Trust Mid Cap Core AlphaDEX Fund by 0.9% during the third quarter. Stifel Financial Corp now owns 88,120 shares of the company’s stock worth $10,323,000 after buying an additional 822 shares in the last quarter. IHT Wealth Management LLC boosted its stake in First Trust Mid Cap Core AlphaDEX Fund by 14.1% in the 3rd quarter. IHT Wealth Management LLC now owns 7,867 shares of the company’s stock worth $920,000 after purchasing an additional 974 shares during the period. Benjamin Edwards Inc. acquired a new position in First Trust Mid Cap Core AlphaDEX Fund in the 3rd quarter worth approximately $7,113,000. Finally, Flow Traders U.S. LLC boosted its stake in First Trust Mid Cap Core AlphaDEX Fund by 20.4% in the 3rd quarter. Flow Traders U.S. LLC now owns 7,837 shares of the company’s stock worth $918,000 after purchasing an additional 1,328 shares during the period.

First Trust Mid Cap Core AlphaDEX Fund Company Profile

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.