First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Reaches New 12-Month High Following Dividend Announcement

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX)’s stock price reached a new 52-week high during mid-day trading on Wednesday following a dividend announcement from the company. The company traded as high as $144.81 and last traded at $145.0790, with a volume of 3802 shares trading hands. The stock had previously closed at $143.05.

The newly announced dividend which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th will be given a $0.266 dividend. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $1.06 annualized dividend and a yield of 0.7%.

First Trust Mid Cap Core AlphaDEX Fund Price Performance

The stock has a market capitalization of $1.39 billion, a PE ratio of 14.19 and a beta of 1.06. The stock’s 50 day simple moving average is $139.52 and its two-hundred day simple moving average is $134.33.

Hedge Funds Weigh In On First Trust Mid Cap Core AlphaDEX Fund

Several institutional investors and hedge funds have recently bought and sold shares of FNX. Jane Street Group LLC bought a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund in the first quarter valued at $267,000. Two Sigma Securities LLC bought a new position in shares of First Trust Mid Cap Core AlphaDEX Fund during the 2nd quarter worth $325,000. Truefg LLC bought a new position in shares of First Trust Mid Cap Core AlphaDEX Fund during the 2nd quarter worth $266,000. Geneos Wealth Management Inc. grew its stake in shares of First Trust Mid Cap Core AlphaDEX Fund by 101.9% during the 2nd quarter. Geneos Wealth Management Inc. now owns 3,457 shares of the company’s stock worth $397,000 after acquiring an additional 1,745 shares during the period. Finally, Ameriflex Group Inc. purchased a new stake in First Trust Mid Cap Core AlphaDEX Fund in the 3rd quarter worth about $287,000.

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.