First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Reaches New 12-Month High – Still a Buy?

Shares of First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) hit a new 52-week high during trading on Tuesday . The stock traded as high as $146.78 and last traded at $146.9220, with a volume of 5893 shares traded. The stock had previously closed at $144.99.

First Trust Mid Cap Core AlphaDEX Fund Trading Down 0.2%

The stock’s 50-day moving average price is $143.04 and its two-hundred day moving average price is $137.36. The stock has a market capitalization of $1.40 billion, a P/E ratio of 14.19 and a beta of 1.06.

First Trust Mid Cap Core AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a $0.266 dividend. The ex-dividend date was Thursday, June 25th. This represents a $1.06 annualized dividend and a yield of 0.7%.

Institutional Trading of First Trust Mid Cap Core AlphaDEX Fund

A number of large investors have recently bought and sold shares of the company. IFP Advisors Inc increased its stake in shares of First Trust Mid Cap Core AlphaDEX Fund by 31.2% in the fourth quarter. IFP Advisors Inc now owns 1,178 shares of the company’s stock worth $148,000 after purchasing an additional 280 shares in the last quarter. Intrua Financial LLC lifted its stake in shares of First Trust Mid Cap Core AlphaDEX Fund by 19.1% during the 4th quarter. Intrua Financial LLC now owns 2,222 shares of the company’s stock valued at $280,000 after buying an additional 356 shares in the last quarter. Three Cord True Wealth Management LLC lifted its stake in shares of First Trust Mid Cap Core AlphaDEX Fund by 8.8% during the 4th quarter. Three Cord True Wealth Management LLC now owns 130,118 shares of the company’s stock valued at $16,392,000 after buying an additional 10,505 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in First Trust Mid Cap Core AlphaDEX Fund by 1,910.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,392,336 shares of the company’s stock worth $175,406,000 after buying an additional 1,323,065 shares during the period. Finally, Bensler LLC boosted its holdings in First Trust Mid Cap Core AlphaDEX Fund by 14.5% in the 4th quarter. Bensler LLC now owns 4,191 shares of the company’s stock worth $528,000 after buying an additional 531 shares during the period.

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.