First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Plans Quarterly Dividend of $0.41

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) announced a quarterly dividend on Wednesday, September 23rd. Stockholders of record on Thursday, September 24th will be given a dividend of 0.4106 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, September 24th. This is a 54.4% increase from First Trust Mid Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.27.

First Trust Mid Cap Core AlphaDEX Fund Stock Down 1.7%

Shares of FNX stock opened at $137.06 on Thursday. First Trust Mid Cap Core AlphaDEX Fund has a 12 month low of $117.48 and a 12 month high of $147.98. The company’s fifty day simple moving average is $143.91 and its 200-day simple moving average is $139.45. The firm has a market cap of $1.32 billion, a PE ratio of 14.19 and a beta of 1.05.

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

Institutional investors and hedge funds have recently made changes to their positions in the stock. Boston Standard Wealth Management LLC acquired a new position in shares of First Trust Mid Cap Core AlphaDEX Fund during the 2nd quarter worth about $204,000. Western Wealth Management LLC lifted its position in shares of First Trust Mid Cap Core AlphaDEX Fund by 2.4% in the first quarter. Western Wealth Management LLC now owns 37,693 shares of the company’s stock valued at $4,834,000 after buying an additional 873 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 942.6% during the 1st quarter. Parallel Advisors LLC now owns 1,053 shares of the company’s stock worth $135,000 after acquiring an additional 952 shares during the last quarter. Independent Financial Group LLC bought a new stake in First Trust Mid Cap Core AlphaDEX Fund in the 1st quarter valued at $234,000. Finally, Ascentis Independent Advisors acquired a new stake in First Trust Mid Cap Core AlphaDEX Fund during the 1st quarter valued at $31,000.

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.