First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) Stock Price Down 2% – Should You Sell?

Shares of First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) were down 2% during trading on Monday . The company traded as low as $44.73 and last traded at $45.20. Approximately 15,612 shares changed hands during mid-day trading, an increase of 3% from the average daily volume of 15,101 shares. The stock had previously closed at $46.13.

First Trust Mid Cap Value AlphaDEX Fund Stock Down 2.0 %

The firm’s fifty day moving average is $49.86 and its two-hundred day moving average is $53.11. The firm has a market cap of $178.54 million, a P/E ratio of 10.10 and a beta of 1.29.

First Trust Mid Cap Value AlphaDEX Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were given a dividend of $0.1746 per share. This represents a $0.70 annualized dividend and a dividend yield of 1.55%. The ex-dividend date was Thursday, March 27th.

Institutional Trading of First Trust Mid Cap Value AlphaDEX Fund

Large investors have recently bought and sold shares of the company. Benjamin Edwards Inc. grew its position in shares of First Trust Mid Cap Value AlphaDEX Fund by 0.6% in the 4th quarter. Benjamin Edwards Inc. now owns 32,955 shares of the company’s stock worth $1,764,000 after buying an additional 188 shares during the period. GAMMA Investing LLC grew its holdings in First Trust Mid Cap Value AlphaDEX Fund by 11.5% in the fourth quarter. GAMMA Investing LLC now owns 2,025 shares of the company’s stock worth $108,000 after purchasing an additional 209 shares during the period. Wells Fargo & Company MN increased its stake in shares of First Trust Mid Cap Value AlphaDEX Fund by 0.3% during the fourth quarter. Wells Fargo & Company MN now owns 248,621 shares of the company’s stock valued at $13,304,000 after purchasing an additional 689 shares in the last quarter. NBC Securities Inc. lifted its holdings in shares of First Trust Mid Cap Value AlphaDEX Fund by 114,900.0% during the first quarter. NBC Securities Inc. now owns 1,150 shares of the company’s stock valued at $58,000 after purchasing an additional 1,149 shares during the last quarter. Finally, Oarsman Capital Inc. bought a new stake in shares of First Trust Mid Cap Value AlphaDEX Fund in the 4th quarter worth approximately $63,000.

About First Trust Mid Cap Value AlphaDEX Fund

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.