First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Sees Large Volume Increase – What’s Next?

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) shares saw unusually-strong trading volume on Wednesday . Approximately 66,686 shares changed hands during trading, an increase of 117% from the previous session’s volume of 30,675 shares.The stock last traded at $128.98 and had previously closed at $128.39.

First Trust Mid Cap Core AlphaDEX Fund Stock Performance

The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 14.19 and a beta of 1.12. The firm has a 50-day simple moving average of $133.40 and a two-hundred day simple moving average of $128.48.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in FNX. Rockefeller Capital Management L.P. grew its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 196.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 17,112 shares of the company’s stock valued at $2,156,000 after purchasing an additional 11,342 shares in the last quarter. Rubicon Advisors GP acquired a new stake in First Trust Mid Cap Core AlphaDEX Fund during the 4th quarter worth approximately $297,000. MidFirst Bank acquired a new stake in First Trust Mid Cap Core AlphaDEX Fund during the 4th quarter worth approximately $92,000. Catalyst Investment Management LLC purchased a new position in First Trust Mid Cap Core AlphaDEX Fund in the 4th quarter valued at approximately $803,000. Finally, NewEdge Advisors LLC boosted its position in First Trust Mid Cap Core AlphaDEX Fund by 42.0% in the 4th quarter. NewEdge Advisors LLC now owns 10,716 shares of the company’s stock valued at $1,350,000 after buying an additional 3,168 shares during the period.

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.