First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Hits New 12-Month High Following Dividend Announcement

by · The Markets Daily

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX – Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday after the company announced a dividend. The stock traded as high as $144.81 and last traded at $145.0790, with a volume of 3802 shares. The stock had previously closed at $143.05.

The newly announced dividend which will be paid on Tuesday, June 30th. Investors of record on Thursday, June 25th will be issued a $0.266 dividend. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $1.06 dividend on an annualized basis and a yield of 0.7%.

First Trust Mid Cap Core AlphaDEX Fund Stock Up 0.8%

The business has a 50-day simple moving average of $139.52 and a 200-day simple moving average of $134.33. The company has a market cap of $1.39 billion, a PE ratio of 14.19 and a beta of 1.06.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FWG Holdings LLC lifted its holdings in First Trust Mid Cap Core AlphaDEX Fund by 1.0% in the 4th quarter. FWG Holdings LLC now owns 11,216 shares of the company’s stock valued at $1,485,000 after purchasing an additional 109 shares in the last quarter. Kestra Private Wealth Services LLC grew its position in shares of First Trust Mid Cap Core AlphaDEX Fund by 4.8% in the fourth quarter. Kestra Private Wealth Services LLC now owns 45,996 shares of the company’s stock valued at $5,794,000 after purchasing an additional 2,095 shares in the last quarter. Purus Wealth Management LLC acquired a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund in the fourth quarter valued at approximately $239,000. Bellevue Asset Management LLC increased its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 1.7% in the fourth quarter. Bellevue Asset Management LLC now owns 21,388 shares of the company’s stock valued at $2,695,000 after purchasing an additional 364 shares during the last quarter. Finally, FSM Wealth Advisors LLC lifted its position in First Trust Mid Cap Core AlphaDEX Fund by 8.5% during the fourth quarter. FSM Wealth Advisors LLC now owns 22,291 shares of the company’s stock worth $2,808,000 after buying an additional 1,751 shares in the last quarter.

First Trust Mid Cap Core AlphaDEX Fund Company Profile

(Get Free Report)

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.

Featured Articles