First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) saw an uptick in trading volume on Monday . 53,396 shares changed hands during trading, an increase of 105% from the previous session’s volume of 26,102 shares.The stock last traded at $125.91 and had previously closed at $126.37.

First Trust Mid Cap Core AlphaDEX Fund Stock Down 0.3 %

The firm’s 50-day moving average price is $119.27 and its 200 day moving average price is $114.02. The firm has a market cap of $1.35 billion, a P/E ratio of 13.43 and a beta of 1.20.

First Trust Mid Cap Core AlphaDEX Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a dividend of $0.4808 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.92 annualized dividend and a dividend yield of 1.53%. This is a positive change from First Trust Mid Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.44.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Sanctuary Advisors LLC grew its position in First Trust Mid Cap Core AlphaDEX Fund by 5.9% in the 3rd quarter. Sanctuary Advisors LLC now owns 56,541 shares of the company’s stock valued at $7,093,000 after buying an additional 3,147 shares in the last quarter. National Bank of Canada FI boosted its position in shares of First Trust Mid Cap Core AlphaDEX Fund by 9,554.2% during the 3rd quarter. National Bank of Canada FI now owns 191,926 shares of the company’s stock valued at $22,484,000 after purchasing an additional 189,938 shares in the last quarter. Stifel Financial Corp increased its position in shares of First Trust Mid Cap Core AlphaDEX Fund by 0.9% in the third quarter. Stifel Financial Corp now owns 88,120 shares of the company’s stock worth $10,323,000 after acquiring an additional 822 shares in the last quarter. IHT Wealth Management LLC increased its position in shares of First Trust Mid Cap Core AlphaDEX Fund by 14.1% in the third quarter. IHT Wealth Management LLC now owns 7,867 shares of the company’s stock worth $920,000 after acquiring an additional 974 shares in the last quarter. Finally, Benjamin Edwards Inc. purchased a new position in shares of First Trust Mid Cap Core AlphaDEX Fund in the third quarter worth approximately $7,113,000.

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.