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

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $146.41 and last traded at $146.2030, with a volume of 4031 shares traded. The stock had previously closed at $145.73.

First Trust Mid Cap Core AlphaDEX Fund Trading Up 0.5%

The business has a 50 day moving average of $139.94 and a 200-day moving average of $134.60. The stock has a market cap of $1.41 billion, a PE ratio of 14.19 and a beta of 1.06.

First Trust Mid Cap Core AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th will be given a $0.266 dividend. This represents a $1.06 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Thursday, June 25th.

Institutional Investors Weigh In On First Trust Mid Cap Core AlphaDEX Fund

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