First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Sees Strong Trading Volume - What's Next?

The First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) experienced unusually high trading activity on Thursday, with around 94,362 shares exchanged. This marked a significant increase of 174% compared to the previous session’s volume of 34,427 shares. At the close of trading, the stock was priced at $121.33, slightly up from its previous closing price of $121.29.

Performance of First Trust Mid Cap Core AlphaDEX Fund

The stock's fifty-day moving average stands at $120.23, while the two-hundred day moving average is recorded at $116.64. The current market capitalization of FNX is approximately $1.29 billion, and it has a price-to-earnings (P/E) ratio of 13.43 with a beta value of 1.20, indicating a moderate volatility in comparison to the broader market.

Dividend Announcement for FNX

In addition to the high trading volume, the First Trust Mid Cap Core AlphaDEX Fund also announced a dividend payment. The dividend of $0.4657 was paid out to shareholders on Tuesday, December 31st, to those recorded as of Friday, December 13th. This dividend represents an increase from FNX's prior payment of $0.35.

Institutional Investors Adjust Their Stakes

Several institutional investors and hedge funds have reshuffled their positions in the First Trust Mid Cap Core AlphaDEX Fund in recent months. Kingswood Wealth Advisors LLC acquired a new stake valued at around $221,000 in the fourth quarter. Similarly, Pure Financial Advisors LLC purchased shares worth approximately $239,000, while Schrum Private Wealth Management LLC invested about $249,000 during the same period. In the third quarter, Elios Financial Group Inc added a stake valued at $272,000, and FMR LLC increased its holdings by 8.4%, owning 2,648 shares priced at around $310,000 after acquiring an additional 205 shares.

Overview of the First Trust Mid Cap Core AlphaDEX Fund

The First Trust Mid Cap Core AlphaDEX Fund (FNX) is an exchange-traded fund designed to track the NASDAQ AlphaDEX Mid Cap Core index. This fund focuses on US mid-cap stocks that are selected using a combination of growth and value criteria. First Trust launched the fund on May 8, 2007, and continues to manage it actively.

Trading, Volume, Dividend, Investors, Performance