First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Reaches New 52-Week High – Here’s What Happened

Shares of First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $140.66 and last traded at $140.31, with a volume of 2589 shares changing hands. The stock had previously closed at $139.32.

First Trust Mid Cap Core AlphaDEX Fund Price Performance

The stock has a market capitalization of $1.35 billion, a P/E ratio of 14.19 and a beta of 1.07. The business’s 50 day simple moving average is $132.46 and its 200-day simple moving average is $130.08.

First Trust Mid Cap Core AlphaDEX Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were paid a $0.3141 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $1.26 dividend on an annualized basis and a yield of 0.9%.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. grew its position in shares of First Trust Mid Cap Core AlphaDEX Fund by 1,910.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,392,336 shares of the company’s stock worth $175,406,000 after buying an additional 1,323,065 shares during the period. Morgan Stanley grew its position in shares of First Trust Mid Cap Core AlphaDEX Fund by 0.5% during the 4th quarter. Morgan Stanley now owns 1,050,519 shares of the company’s stock worth $132,340,000 after buying an additional 5,458 shares during the period. LPL Financial LLC grew its position in shares of First Trust Mid Cap Core AlphaDEX Fund by 5.5% during the 4th quarter. LPL Financial LLC now owns 934,661 shares of the company’s stock worth $117,744,000 after buying an additional 48,416 shares during the period. Wells Fargo & Company MN grew its position in shares of First Trust Mid Cap Core AlphaDEX Fund by 1.9% during the 4th quarter. Wells Fargo & Company MN now owns 679,379 shares of the company’s stock worth $85,585,000 after buying an additional 12,936 shares during the period. Finally, UBS Group AG grew its position in shares of First Trust Mid Cap Core AlphaDEX Fund by 1.3% during the 4th quarter. UBS Group AG now owns 217,783 shares of the company’s stock worth $27,435,000 after buying an additional 2,726 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.