First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Sees Unusually-High Trading Volume – Still a Buy?

Shares of First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) saw an uptick in trading volume on Wednesday . 63,583 shares traded hands during trading, an increase of 115% from the previous session’s volume of 29,620 shares.The stock last traded at $110.50 and had previously closed at $110.15.

First Trust Mid Cap Core AlphaDEX Fund Stock Performance

The business’s 50-day moving average is $118.11 and its 200 day moving average is $118.10. The company has a market cap of $1.16 billion, a PE ratio of 13.58 and a beta of 1.20.

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 dividend of $0.4657 per share. The ex-dividend date was Friday, December 13th. This is a boost from First Trust Mid Cap Core AlphaDEX Fund’s previous dividend of $0.35.

Institutional Trading of First Trust Mid Cap Core AlphaDEX Fund

A number of institutional investors have recently made changes to their positions in the stock. Golden State Wealth Management LLC bought a new stake in First Trust Mid Cap Core AlphaDEX Fund during the 4th quarter valued at $31,000. Global Retirement Partners LLC raised its stake in shares of First Trust Mid Cap Core AlphaDEX Fund by 19.0% during the fourth quarter. Global Retirement Partners LLC now owns 953 shares of the company’s stock valued at $110,000 after acquiring an additional 152 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of First Trust Mid Cap Core AlphaDEX Fund by 53.1% during the fourth quarter. JPMorgan Chase & Co. now owns 1,424 shares of the company’s stock valued at $165,000 after acquiring an additional 494 shares during the last quarter. J.W. Cole Advisors Inc. purchased a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund during the fourth quarter worth about $201,000. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund in the fourth quarter worth about $205,000.

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.