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

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) shares saw unusually-high trading volume on Monday . Approximately 53,396 shares were traded during mid-day trading, an increase of 105% from the previous session’s volume of 26,102 shares.The stock last traded at $125.91 and had previously closed at $126.37.

First Trust Mid Cap Core AlphaDEX Fund Stock Performance

The business has a 50 day simple moving average of $119.62 and a 200-day simple moving average of $114.22. The stock has a market capitalization of $1.35 billion, a P/E ratio of 13.43 and a beta of 1.20.

First Trust Mid Cap Core AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a $0.4808 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This is a boost from First Trust Mid Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.44. This represents a $1.92 annualized dividend and a yield of 1.53%.

Institutional Trading of First Trust Mid Cap Core AlphaDEX Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. LPL Financial LLC lifted its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 4.9% during the third 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. Raymond James Financial Services Advisors Inc. lifted its stake in First Trust Mid Cap Core AlphaDEX Fund by 0.4% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 301,936 shares of the company’s stock worth $32,768,000 after acquiring an additional 1,154 shares in the last quarter. Raymond James & Associates grew its stake in First Trust Mid Cap Core AlphaDEX Fund by 10.0% during the 2nd quarter. Raymond James & Associates now owns 229,668 shares of the company’s stock valued at $24,925,000 after acquiring an additional 20,815 shares in the last quarter. National Bank of Canada FI lifted its position in shares of First Trust Mid Cap Core AlphaDEX Fund by 9,554.2% in 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. Finally, International Assets Investment Management LLC boosted its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 10,294.5% during the third quarter. International Assets Investment Management LLC now owns 184,607 shares of the company’s stock worth $21,627,000 after purchasing an additional 182,831 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.