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

The stock price of the First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) increased by 1.2% during mid-day trading on Friday. It reached a high of $117.17 and closed at the same price. In total, 13,896 shares were traded, which is a 32% drop compared to the average daily trading volume of 20,398 shares. The previous closing price was $115.77.

Price Performance of First Trust Mid Cap Core AlphaDEX Fund

The fund's performance can be tracked through its fifty-day simple moving average, which stands at $120.56, while its two-hundred-day simple moving average is $115.71. The market capitalization of the company is valued at approximately $1.25 billion, with a price-to-earnings (P/E) ratio of 13.43 and a beta of 1.20, indicating moderate volatility compared to the broader market.

Dividend Announcement from First Trust Mid Cap Core AlphaDEX Fund

Recently, the fund announced an increase in its dividend payment, which was paid out on Tuesday, December 31st. Investors who were on the record as of Friday, December 13th, received a dividend of $0.4657 per share, up from the previous dividend of $0.35. The ex-dividend date was also set for December 13th.

Institutional Investors' Involvement with First Trust Mid Cap Core AlphaDEX Fund

Institutional investors have been actively trading shares of the First Trust Mid Cap Core AlphaDEX Fund. For example, LPL Financial LLC raised its stake by 4.9% in the third quarter, bringing their total to 902,719 shares, valued at $105,753,000 after acquiring an additional 42,038 shares. National Bank of Canada FI made a significant increase, raising their position by an impressive 9,554.2%, acquiring 191,926 shares worth $22,484,000 through an additional purchase of 189,938 shares. Similarly, International Assets Investment Management LLC saw a boost of 10,294.5%, now holding 184,607 shares valued at $21,627,000 after acquiring 182,831 shares. Other firms like Stifel Financial Corp and Lakeridge Wealth Management LLC also increased their holdings in FNX.

Overview of First Trust Mid Cap Core AlphaDEX Fund

The First Trust Mid Cap Core AlphaDEX Fund (FNX) is an exchange-traded fund (ETF) that tracks the NASDAQ AlphaDEX Mid Cap Core index. This fund is designed to represent a diverse array of US mid-cap stocks that have been selected based on growth and value criteria. Launched on May 8, 2007, FNX is managed by First Trust.

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