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

Shares of First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) saw unusually-strong trading volume on Thursday . Approximately 56,861 shares traded hands during 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 Performance

The company has a market cap of $1.28 billion, a P/E ratio of 13.43 and a beta of 1.20. The stock’s fifty day moving average price is $120.50 and its two-hundred day moving average price is $116.19.

First Trust Mid Cap Core AlphaDEX Fund Increases Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Pure Financial Advisors LLC bought a new stake in First Trust Mid Cap Core AlphaDEX Fund during the 4th quarter worth $239,000. Priebe Wealth Holdings LLC grew its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 5.2% during the fourth quarter. Priebe Wealth Holdings LLC now owns 32,404 shares of the company’s stock worth $3,750,000 after purchasing an additional 1,608 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its stake in shares of First Trust Mid Cap Core AlphaDEX Fund by 6.1% in the third quarter. B. Riley Wealth Advisors Inc. now owns 56,319 shares of the company’s stock valued at $6,558,000 after buying an additional 3,215 shares during the period. Sanctuary Advisors LLC raised its holdings 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 during the last quarter. Finally, National Bank of Canada FI boosted its position in 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 worth $22,484,000 after buying an additional 189,938 shares during the period.

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.