First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Reaches New 12-Month High – Time to Buy?

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX)’s share price hit a new 52-week high during trading 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 Price Performance

The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 13.43 and a beta of 1.20. The business’s fifty day simple moving average is $117.98 and its 200 day simple moving average is $113.36.

First Trust Mid Cap Core AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a dividend of $0.4808 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.54%. This is an increase from First Trust Mid Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Thursday, September 26th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in FNX. National Bank of Canada FI grew its stake in shares of First Trust Mid Cap Core AlphaDEX Fund by 9,554.2% in the third quarter. National Bank of Canada FI now owns 191,926 shares of the company’s stock worth $22,484,000 after purchasing an additional 189,938 shares during the last quarter. Stifel Financial Corp lifted its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 0.9% during the third quarter. Stifel Financial Corp now owns 88,120 shares of the company’s stock valued at $10,323,000 after purchasing an additional 822 shares in the last quarter. IHT Wealth Management LLC boosted its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 14.1% during the 3rd quarter. IHT Wealth Management LLC now owns 7,867 shares of the company’s stock valued at $920,000 after acquiring an additional 974 shares during the last quarter. Benjamin Edwards Inc. purchased a new stake in First Trust Mid Cap Core AlphaDEX Fund during the 3rd quarter valued at $7,113,000. Finally, Flow Traders U.S. LLC lifted its holdings in First Trust Mid Cap Core AlphaDEX Fund by 20.4% in the third quarter. Flow Traders U.S. LLC now owns 7,837 shares of the company’s stock valued at $918,000 after acquiring an additional 1,328 shares during the period.

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.