First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) Declares Dividend Increase – $0.28 Per Share

First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) announced a quarterly dividend on Wednesday, September 23rd. Investors of record on Thursday, September 24th will be given a dividend of 0.2757 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Thursday, September 24th. This is a 64.5% increase from First Trust Mid Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.17.

First Trust Mid Cap Value AlphaDEX Fund Stock Performance

FNK traded down $0.32 during midday trading on Thursday, hitting $60.56. The stock had a trading volume of 1,135 shares, compared to its average volume of 6,549. First Trust Mid Cap Value AlphaDEX Fund has a 1 year low of $51.98 and a 1 year high of $65.14. The business has a fifty day moving average of $63.71 and a 200 day moving average of $60.77. The company has a market cap of $218.00 million, a P/E ratio of 10.44 and a beta of 0.96.

Institutional Trading of First Trust Mid Cap Value AlphaDEX Fund

Several hedge funds and other institutional investors have recently bought and sold shares of FNK. Kingsview Wealth Management LLC raised its stake in shares of First Trust Mid Cap Value AlphaDEX Fund by 100.0% during the fourth quarter. Kingsview Wealth Management LLC now owns 65,940 shares of the company’s stock valued at $3,669,000 after acquiring an additional 32,970 shares during the last quarter. Cetera Investment Advisers boosted its position in First Trust Mid Cap Value AlphaDEX Fund by 17.3% during the 1st quarter. Cetera Investment Advisers now owns 105,572 shares of the company’s stock valued at $6,026,000 after acquiring an additional 15,551 shares in the last quarter. RFG Advisory LLC purchased a new position in shares of First Trust Mid Cap Value AlphaDEX Fund during the 2nd quarter worth approximately $202,000. Kestra Advisory Services LLC boosted its position in shares of First Trust Mid Cap Value AlphaDEX Fund by 23.5% during the first quarter. Kestra Advisory Services LLC now owns 10,335 shares of the company’s stock valued at $590,000 after purchasing an additional 1,966 shares in the last quarter. Finally, Parallel Advisors LLC purchased a new stake in First Trust Mid Cap Value AlphaDEX Fund in the first quarter worth $110,000.

About First Trust Mid Cap Value AlphaDEX Fund

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.