First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Sees Strong Trading Volume – Here’s What Happened

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) saw unusually-strong trading volume on Thursday . Approximately 94,362 shares were traded during mid-day trading, an increase of 174% from the previous session’s volume of 34,427 shares.The stock last traded at $121.33 and had previously closed at $121.29.

First Trust Mid Cap Core AlphaDEX Fund Stock Performance

The firm has a market capitalization of $1.29 billion, a PE ratio of 13.43 and a beta of 1.20. The company’s 50 day simple moving average is $120.23 and its 200-day simple moving average is $116.64.

First Trust Mid Cap Core AlphaDEX Fund Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a $0.4657 dividend. The ex-dividend date was Friday, December 13th. This is a boost from First Trust Mid Cap Core AlphaDEX Fund’s previous dividend of $0.35.

Institutional Trading of First Trust Mid Cap Core AlphaDEX Fund

Several institutional investors and hedge funds have recently bought and sold shares of the company. National Bank of Canada FI raised its position in shares of First Trust Mid Cap Core AlphaDEX Fund by 9,554.2% during the 3rd quarter. National Bank of Canada FI now owns 191,926 shares of the company’s stock valued at $22,484,000 after buying an additional 189,938 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of First Trust Mid Cap Core AlphaDEX Fund by 10,294.5% during the 3rd quarter. International Assets Investment Management LLC now owns 184,607 shares of the company’s stock valued at $21,627,000 after buying an additional 182,831 shares in the last quarter. Benjamin Edwards Inc. purchased a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund during the 3rd quarter valued at $7,113,000. Sanctuary Advisors LLC bought a new position in shares of First Trust Mid Cap Core AlphaDEX Fund during the 2nd quarter valued at $5,757,000. Finally, LPL Financial LLC grew its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 4.9% during the 3rd quarter. LPL Financial LLC now owns 902,719 shares of the company’s stock valued at $105,753,000 after purchasing an additional 42,038 shares during the last quarter.

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.