First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Hits New 1-Year High – Here’s What Happened

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $141.00 and last traded at $140.84, with a volume of 1916 shares trading hands. The stock had previously closed at $138.78.

First Trust Mid Cap Core AlphaDEX Fund Stock Up 0.3%

The company has a fifty day moving average of $134.30 and a two-hundred day moving average of $131.60. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 14.19 and a beta of 1.07.

First Trust Mid Cap Core AlphaDEX Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a dividend of $0.3141 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $1.26 annualized dividend and a dividend yield of 0.9%.

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

Hedge funds have recently modified their holdings of the stock. Ascentis Independent Advisors purchased a new stake in First Trust Mid Cap Core AlphaDEX Fund in the 1st quarter valued at approximately $31,000. Russell Investments Group Ltd. boosted its holdings in First Trust Mid Cap Core AlphaDEX Fund by 5,077.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 466 shares of the company’s stock valued at $58,000 after purchasing an additional 457 shares in the last quarter. MidFirst Bank purchased a new stake in First Trust Mid Cap Core AlphaDEX Fund in the 4th quarter valued at approximately $92,000. Parallel Advisors LLC boosted its holdings in First Trust Mid Cap Core AlphaDEX Fund by 942.6% in the 1st quarter. Parallel Advisors LLC now owns 1,053 shares of the company’s stock valued at $135,000 after purchasing an additional 952 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new stake in First Trust Mid Cap Core AlphaDEX Fund in the 3rd quarter valued at approximately $136,000.

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.