First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Hits New 52-Week High – Here’s Why

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX)’s stock price hit a new 52-week high on Friday . The stock traded as high as $125.37 and last traded at $125.30, with a volume of 9402 shares trading hands. The stock had previously closed at $123.49.

First Trust Mid Cap Core AlphaDEX Fund Trading Up 1.6 %

The stock has a market capitalization of $1.34 billion, a PE ratio of 13.43 and a beta of 1.20. The stock’s fifty day simple moving average is $118.22 and its 200-day simple moving average is $113.48.

First Trust Mid Cap Core AlphaDEX Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a dividend of $0.4808 per share. The ex-dividend date was Thursday, September 26th. This is a boost from First Trust Mid Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.44. This represents a $1.92 annualized dividend and a yield of 1.53%.

Institutional Investors Weigh In On First Trust Mid Cap Core AlphaDEX Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in FNX. GAMMA Investing LLC bought a new position in shares of First Trust Mid Cap Core AlphaDEX Fund during the 2nd quarter valued at approximately $101,000. Larson Financial Group LLC increased its position in First Trust Mid Cap Core AlphaDEX Fund by 911.8% in the second quarter. Larson Financial Group LLC now owns 1,032 shares of the company’s stock worth $112,000 after buying an additional 930 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund in the second quarter valued at $177,000. International Assets Investment Management LLC purchased a new position in shares of First Trust Mid Cap Core AlphaDEX Fund during the 2nd quarter valued at $193,000. Finally, Schrum Private Wealth Management LLC bought a new position in shares of First Trust Mid Cap Core AlphaDEX Fund during the 3rd quarter worth $249,000.

First Trust Mid Cap Core AlphaDEX Fund Company Profile

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.