First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) Trading Down 0.3% – Time to Sell?

First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK)’s share price fell 0.3% during trading on Wednesday . The company traded as low as $60.27 and last traded at $60.3450. 9,532 shares changed hands during trading, an increase of 24% from the average session volume of 7,710 shares. The stock had previously closed at $60.50.

First Trust Mid Cap Value AlphaDEX Fund Stock Down 0.3%

The firm has a market capitalization of $217.24 million, a price-to-earnings ratio of 10.44 and a beta of 0.96. The stock has a 50-day moving average price of $59.05 and a 200 day moving average price of $58.12.

First Trust Mid Cap Value AlphaDEX Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were issued a $0.252 dividend. This represents a $1.01 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Thursday, March 26th.

Institutional Trading of First Trust Mid Cap Value AlphaDEX Fund

Several institutional investors and hedge funds have recently made changes to their positions in the company. Cetera Investment Advisers lifted its holdings in shares of First Trust Mid Cap Value AlphaDEX Fund by 17.3% in the 1st quarter. Cetera Investment Advisers now owns 105,572 shares of the company’s stock valued at $6,026,000 after purchasing an additional 15,551 shares during the last quarter. Parallel Advisors LLC purchased a new stake in shares of First Trust Mid Cap Value AlphaDEX Fund in the 1st quarter valued at about $110,000. Bessemer Group Inc. purchased a new stake in shares of First Trust Mid Cap Value AlphaDEX Fund in the 1st quarter valued at about $26,000. Kestra Advisory Services LLC lifted its holdings in shares of First Trust Mid Cap Value AlphaDEX Fund by 23.5% in the 1st quarter. Kestra Advisory Services LLC now owns 10,335 shares of the company’s stock valued at $590,000 after purchasing an additional 1,966 shares during the last quarter. Finally, Rockefeller Capital Management L.P. lifted its holdings in shares of First Trust Mid Cap Value AlphaDEX Fund by 69.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,876 shares of the company’s stock valued at $160,000 after purchasing an additional 1,183 shares during the last quarter.

First Trust Mid Cap Value AlphaDEX Fund Company Profile

The First Trust Mid Cap Value AlphaDEX Fund (FNK) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Mid Cap Value index. The fund tracks a mid-cap index that selects value stocks using quant methodology and applies an equal-tiered weighting scheme. FNK was launched on Apr 18, 2011 and is managed by First Trust.