First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Sees Unusually-High Trading Volume – Here’s Why

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) saw strong trading volume on Friday . 141,215 shares changed hands during mid-day trading, an increase of 339% from the previous session’s volume of 32,198 shares.The stock last traded at $98.47 and had previously closed at $103.31.

First Trust Mid Cap Core AlphaDEX Fund Stock Performance

The business has a 50 day moving average of $113.87 and a 200-day moving average of $117.31. The company has a market capitalization of $1.00 billion, a P/E ratio of 14.61 and a beta of 1.20.

First Trust Mid Cap Core AlphaDEX Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued a dividend of $0.2561 per share. This represents a $1.02 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date was Thursday, March 27th.

Institutional Trading of First Trust Mid Cap Core AlphaDEX Fund

Hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. bought a new position in First Trust Mid Cap Core AlphaDEX Fund in the 4th quarter worth about $58,781,000. National Bank of Canada FI grew its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 9,554.2% during the third quarter. National Bank of Canada FI now owns 191,926 shares of the company’s stock worth $22,484,000 after purchasing an additional 189,938 shares in the last quarter. AssuredPartners Investment Advisors LLC bought a new position in shares of First Trust Mid Cap Core AlphaDEX Fund in the fourth quarter worth approximately $12,518,000. Three Cord True Wealth Management LLC purchased a new stake in First Trust Mid Cap Core AlphaDEX Fund in the fourth quarter valued at approximately $12,391,000. Finally, Susquehanna International Group LLP lifted its position in First Trust Mid Cap Core AlphaDEX Fund by 816.2% during the fourth quarter. Susquehanna International Group LLP now owns 34,814 shares of the company’s stock valued at $4,029,000 after purchasing an additional 31,014 shares during the last quarter.

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.