First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Sees Unusually-High Trading Volume – Still a Buy?

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) shares saw unusually-strong trading volume on Thursday . Approximately 56,861 shares changed hands during mid-day trading, an increase of 95% from the previous session’s volume of 29,221 shares.The stock last traded at $119.77 and had previously closed at $119.15.

First Trust Mid Cap Core AlphaDEX Fund Stock Up 0.4 %

The business’s 50 day simple moving average is $120.50 and its 200 day simple moving average is $116.19. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 13.43 and a beta of 1.20.

First Trust Mid Cap Core AlphaDEX Fund Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a dividend of $0.4657 per share. The ex-dividend date was Friday, December 13th. This is a positive change from First Trust Mid Cap Core AlphaDEX Fund’s previous dividend of $0.35.

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

A number of large investors have recently made changes to their positions in the company. Pure Financial Advisors LLC bought a new stake in First Trust Mid Cap Core AlphaDEX Fund in the 4th quarter valued at about $239,000. Schrum Private Wealth Management LLC bought a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund in the third quarter valued at approximately $249,000. Elios Financial Group Inc. acquired a new stake in First Trust Mid Cap Core AlphaDEX Fund during the third quarter worth approximately $272,000. FMR LLC increased its stake in First Trust Mid Cap Core AlphaDEX Fund by 8.4% during the 3rd quarter. FMR LLC now owns 2,648 shares of the company’s stock worth $310,000 after acquiring an additional 205 shares during the period. Finally, Good Life Advisors LLC acquired a new position in First Trust Mid Cap Core AlphaDEX Fund in the 3rd quarter valued at $331,000.

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.