First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Sees Strong Trading Volume – Should You Buy?

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) saw an uptick in trading volume on Friday . 29,513 shares were traded during mid-day trading, an increase of 77% from the previous session’s volume of 16,668 shares.The stock last traded at $115.14 and had previously closed at $116.58.

First Trust Mid Cap Core AlphaDEX Fund Price Performance

The company has a market capitalization of $1.23 billion, a P/E ratio of 13.43 and a beta of 1.20. The firm’s 50-day moving average is $120.57 and its 200-day moving average is $115.90.

First Trust Mid Cap Core AlphaDEX Fund Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $0.4657 dividend. This is a boost from First Trust Mid Cap Core AlphaDEX Fund’s previous dividend of $0.35. The ex-dividend date was Friday, December 13th.

Institutional Trading of First Trust Mid Cap Core AlphaDEX Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. Ashton Thomas Private Wealth LLC purchased a new stake in First Trust Mid Cap Core AlphaDEX Fund in the 2nd quarter worth $177,000. LPL Financial LLC grew its position in shares of First Trust Mid Cap Core AlphaDEX Fund by 1.3% during the second quarter. LPL Financial LLC now owns 860,681 shares of the company’s stock worth $93,407,000 after purchasing an additional 11,453 shares in the last quarter. Virtu Financial LLC bought a new stake in First Trust Mid Cap Core AlphaDEX Fund during the 2nd quarter valued at approximately $1,606,000. Concorde Asset Management LLC purchased a new position in First Trust Mid Cap Core AlphaDEX Fund in the 2nd quarter worth approximately $1,866,000. Finally, Kowal Investment Group LLC raised its position in shares of First Trust Mid Cap Core AlphaDEX Fund by 2.3% during the second quarter. Kowal Investment Group LLC now owns 6,902 shares of the company’s stock valued at $749,000 after buying an additional 155 shares during the last quarter.

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.