First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Sets New 52-Week Low – Time to Sell?

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $104.21 and last traded at $104.35, with a volume of 9413 shares trading hands. The stock had previously closed at $111.14.

First Trust Mid Cap Core AlphaDEX Fund Price Performance

The stock has a market capitalization of $1.07 billion, a PE ratio of 14.61 and a beta of 1.20. The stock’s fifty day moving average is $114.69 and its 200-day moving average is $117.50.

First Trust Mid Cap Core AlphaDEX Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a dividend of $0.2561 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date was Thursday, March 27th.

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

A number of large investors have recently bought and sold shares of FNX. LPL Financial LLC raised its stake in shares of First Trust Mid Cap Core AlphaDEX Fund by 3.1% during the 4th quarter. LPL Financial LLC now owns 930,345 shares of the company’s stock worth $107,660,000 after buying an additional 27,626 shares during the period. Raymond James Financial Inc. purchased a new position in First Trust Mid Cap Core AlphaDEX Fund during the fourth quarter valued at $58,781,000. Royal Bank of Canada raised its position in shares of First Trust Mid Cap Core AlphaDEX Fund by 8.5% during the 4th quarter. Royal Bank of Canada now owns 248,407 shares of the company’s stock worth $28,745,000 after purchasing an additional 19,517 shares during the last quarter. National Bank of Canada FI boosted its holdings in First Trust Mid Cap Core AlphaDEX Fund by 3.1% in the 4th quarter. National Bank of Canada FI now owns 197,940 shares of the company’s stock worth $22,906,000 after buying an additional 6,014 shares during the last quarter. Finally, Cetera Investment Advisers boosted its holdings in First Trust Mid Cap Core AlphaDEX Fund by 2.2% in the 4th quarter. Cetera Investment Advisers now owns 169,285 shares of the company’s stock worth $19,590,000 after buying an additional 3,675 shares during the last quarter.

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.