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

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) shares saw an uptick in trading volume on Thursday . 56,861 shares traded hands during mid-day trading, an increase of 95% from the previous session’s volume of 29,221 shares.The stock last traded at $119.77 and had previously closed at $119.15.

First Trust Mid Cap Core AlphaDEX Fund Price Performance

The firm has a 50-day simple moving average of $120.37 and a 200 day simple moving average of $116.30. The stock has a market capitalization of $1.28 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 disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $0.4657 dividend. The ex-dividend date of this dividend was Friday, December 13th. This is a positive change from First Trust Mid Cap Core AlphaDEX Fund’s previous dividend of $0.35.

Institutional Investors Weigh In On First Trust Mid Cap Core AlphaDEX Fund

A number of institutional investors have recently added to or reduced their stakes in the business. Pure Financial Advisors LLC bought a new position in shares of First Trust Mid Cap Core AlphaDEX Fund during the fourth quarter valued at $239,000. Priebe Wealth Holdings LLC raised its position in First Trust Mid Cap Core AlphaDEX Fund by 5.2% during the 4th quarter. Priebe Wealth Holdings LLC now owns 32,404 shares of the company’s stock worth $3,750,000 after purchasing an additional 1,608 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in First Trust Mid Cap Core AlphaDEX Fund by 6.1% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 56,319 shares of the company’s stock worth $6,558,000 after buying an additional 3,215 shares during the period. Sanctuary Advisors LLC grew its position in shares of First Trust Mid Cap Core AlphaDEX Fund by 5.9% in the 3rd quarter. Sanctuary Advisors LLC now owns 56,541 shares of the company’s stock valued at $7,093,000 after buying an additional 3,147 shares during the last quarter. Finally, National Bank of Canada FI increased its stake in shares of First Trust Mid Cap Core AlphaDEX Fund by 9,554.2% in the third quarter. National Bank of Canada FI now owns 191,926 shares of the company’s stock valued at $22,484,000 after buying an additional 189,938 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.