First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Stock Price Climbs 1.2%

The First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) experienced a rise of 1.2% in its stock price during mid-day trading on Friday. The shares reached a peak of $117.17 and concluded the trading session at the same price. A total of 13,896 shares changed hands, which is a 32% decrease from the average daily trading volume of 20,398 shares. At the end of the previous trading day, the stock was priced at $115.77.

Performance Overview of First Trust Mid Cap Core AlphaDEX Fund

Currently, the company has a fifty-day simple moving average of $120.56 and a two-hundred day simple moving average of $115.71. With a market capitalization of $1.25 billion, the company has a price-to-earnings (P/E) ratio of 13.43 and a beta of 1.20, suggesting that its stock is slightly more volatile than the market.

Dividend Announcement from First Trust Mid Cap Core AlphaDEX Fund

Recently, the company declared a dividend, which was distributed on Tuesday, December 31st. Investors who were on record as of Friday, December 13th received a dividend of $0.4657. This marks an increase from the previous dividend of $0.35. The ex-dividend date was also Friday, December 13th.

Insights on Institutional Investments in First Trust Mid Cap Core AlphaDEX Fund

Hedge funds and institutional investors have been actively buying and selling shares of the First Trust Mid Cap Core AlphaDEX Fund. For instance, LPL Financial LLC increased its ownership by 4.9% in the third quarter, now holding 902,719 shares valued at approximately $105,753,000 after acquiring an additional 42,038 shares. National Bank of Canada FI dramatically boosted its stake by 9,554.2% in the same quarter, now owning 191,926 shares worth about $22,484,000 after purchasing an additional 189,938 shares. Similarly, International Assets Investment Management LLC raised its position by 10,294.5%, owning 184,607 shares valued at around $21,627,000 following an increase of 182,831 shares. Stifel Financial Corp and Lakeridge Wealth Management LLC also added to their holdings during this period, achieving nominal growths.

Understanding First Trust Mid Cap Core AlphaDEX Fund

The First Trust Mid Cap Core AlphaDEX Fund (FNX) is an exchange-traded fund that tracks the NASDAQ AlphaDEX Mid Cap Core index. This fund is designed to select U.S. mid-cap equities through a tiered, equal-weighted methodology that incorporates both growth and value criteria. The fund was launched on May 8, 2007, and is managed by First Trust.

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