First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Sees Large Volume Increase – Time to Buy?

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) saw strong trading volume on Thursday . 133,481 shares traded hands during mid-day trading, an increase of 284% from the previous session’s volume of 34,744 shares.The stock last traded at $101.21 and had previously closed at $100.48.

First Trust Mid Cap Core AlphaDEX Fund Trading Up 1.2 %

The business has a fifty day moving average price of $109.72 and a 200 day moving average price of $116.13. The firm has a market cap of $1.02 billion, a PE ratio of 13.42 and a beta of 1.20.

First Trust Mid Cap Core AlphaDEX Fund Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were paid a dividend of $0.2561 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.02 dividend on an annualized basis and a yield of 1.01%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FNX. Lakeridge Wealth Management LLC grew its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 5.7% during the first quarter. Lakeridge Wealth Management LLC now owns 74,929 shares of the company’s stock worth $8,166,000 after buying an additional 4,023 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of First Trust Mid Cap Core AlphaDEX Fund by 3.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 19,359 shares of the company’s stock valued at $2,110,000 after purchasing an additional 726 shares during the last quarter. RFG Advisory LLC acquired a new position in First Trust Mid Cap Core AlphaDEX Fund during the first quarter worth $318,000. NBC Securities Inc. raised its position in First Trust Mid Cap Core AlphaDEX Fund by 101,833.3% in the first quarter. NBC Securities Inc. now owns 12,232 shares of the company’s stock worth $1,333,000 after acquiring an additional 12,220 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in First Trust Mid Cap Core AlphaDEX Fund by 10,798.0% in the first quarter. GAMMA Investing LLC now owns 101,024 shares of the company’s stock valued at $11,010,000 after acquiring an additional 100,097 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.