First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Sets New 1-Year High – Time to Buy?

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) hit a new 52-week high during trading on Monday . The company traded as high as $144.31 and last traded at $143.65, with a volume of 9228 shares changing hands. The stock had previously closed at $143.65.

First Trust Mid Cap Core AlphaDEX Fund Stock Performance

The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 14.19 and a beta of 1.06. The firm has a fifty day moving average price of $138.04 and a 200-day moving average price of $133.49.

First Trust Mid Cap Core AlphaDEX Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were issued a dividend of $0.3141 per share. This represents a $1.26 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, March 26th.

Institutional Trading of First Trust Mid Cap Core AlphaDEX Fund

Several large investors have recently modified their holdings of FNX. Ascentis Independent Advisors acquired a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund during the 1st quarter worth $31,000. Russell Investments Group Ltd. grew its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 5,077.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 466 shares of the company’s stock worth $58,000 after purchasing an additional 457 shares in the last quarter. MidFirst Bank acquired a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund during the 4th quarter worth $92,000. Parallel Advisors LLC grew its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 942.6% during the 1st quarter. Parallel Advisors LLC now owns 1,053 shares of the company’s stock worth $135,000 after purchasing an additional 952 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund during the 3rd quarter worth $136,000.

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.