First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) Trading Up 0.7% – Time to Buy?

Posted by Hanz Christensen on Jan 5th, 2025

First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK – Get Free Report)’s stock price rose 0.7% during trading on Friday . The stock traded as high as $53.76 and last traded at $53.74. Approximately 50,366 shares traded hands during mid-day trading, a decline of 34% from the average daily volume of 76,533 shares. The stock had previously closed at $53.38.

First Trust Mid Cap Value AlphaDEX Fund Stock Up 0.7 %

The stock has a 50-day moving average of $55.26 and a 200 day moving average of $53.84. The stock has a market cap of $217.65 million, a PE ratio of 10.86 and a beta of 1.29.

First Trust Mid Cap Value AlphaDEX Fund Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a dividend of $0.291 per share. The ex-dividend date of this dividend was Friday, December 13th.

Hedge Funds Weigh In On First Trust Mid Cap Value AlphaDEX Fund

Institutional investors and hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC lifted its stake in shares of First Trust Mid Cap Value AlphaDEX Fund by 11.5% in the 4th quarter. GAMMA Investing LLC now owns 2,025 shares of the company’s stock valued at $108,000 after purchasing an additional 209 shares during the last quarter. Great Valley Advisor Group Inc. purchased a new stake in First Trust Mid Cap Value AlphaDEX Fund in the 3rd quarter valued at about $214,000. Jane Street Group LLC acquired a new position in First Trust Mid Cap Value AlphaDEX Fund in the third quarter valued at about $223,000. Moors & Cabot Inc. purchased a new position in First Trust Mid Cap Value AlphaDEX Fund during the third quarter worth about $235,000. Finally, Daymark Wealth Partners LLC acquired a new stake in shares of First Trust Mid Cap Value AlphaDEX Fund during the second quarter valued at about $282,000.

About First Trust Mid Cap Value AlphaDEX Fund

(Get Free Report)

The First Trust Mid Cap Value AlphaDEX Fund (FNK) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Mid Cap Value index. The fund tracks a mid-cap index that selects value stocks using quant methodology and applies an equal-tiered weighting scheme. FNK was launched on Apr 18, 2011 and is managed by First Trust.