First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Sees Strong Trading Volume

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) shares saw unusually-high trading volume on Monday . Approximately 90,980 shares changed hands during mid-day trading, an increase of 220% from the previous session’s volume of 28,429 shares.The stock last traded at $107.54 and had previously closed at $108.53.

First Trust Mid Cap Core AlphaDEX Fund Stock Performance

The company’s 50-day simple moving average is $109.28 and its 200 day simple moving average is $107.07. The company has a market cap of $1.16 billion, a PE ratio of 13.43 and a beta of 1.20.

First Trust Mid Cap Core AlphaDEX Fund Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were issued a $0.3468 dividend. This is a positive change from First Trust Mid Cap Core AlphaDEX Fund’s previous dividend of $0.17. The ex-dividend date was Thursday, June 27th.

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

Several hedge funds and other institutional investors have recently made changes to their positions in FNX. GAMMA Investing LLC acquired a new stake in First Trust Mid Cap Core AlphaDEX Fund during the 2nd quarter worth $101,000. Cetera Advisors LLC grew its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 311.4% during the first quarter. Cetera Advisors LLC now owns 100,450 shares of the company’s stock worth $11,388,000 after purchasing an additional 76,033 shares during the last quarter. Cetera Investment Advisers increased its position in First Trust Mid Cap Core AlphaDEX Fund by 47.9% during the first quarter. Cetera Investment Advisers now owns 138,989 shares of the company’s stock worth $15,757,000 after buying an additional 44,985 shares during the period. Atria Investments Inc increased its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 55.3% in the 1st quarter. Atria Investments Inc now owns 39,379 shares of the company’s stock valued at $4,464,000 after acquiring an additional 14,029 shares during the period. Finally, Coppell Advisory Solutions Corp. purchased a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund in the first quarter valued at about $250,000.

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.