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

Shares of First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) saw an uptick in trading volume on Friday . 29,513 shares were traded during mid-day trading, an increase of 77% from the previous session’s volume of 16,668 shares.The stock last traded at $115.14 and had previously closed at $116.58.

First Trust Mid Cap Core AlphaDEX Fund Price Performance

The firm’s 50 day moving average price is $120.57 and its 200-day moving average price is $115.99. The firm has a market cap of $1.23 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 company also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $0.4657 dividend. This is a positive change from First Trust Mid Cap Core AlphaDEX Fund’s previous dividend of $0.35. The ex-dividend date of this dividend was Friday, December 13th.

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

Hedge funds have recently modified their holdings of the company. Schrum Private Wealth Management LLC purchased a new position in shares of First Trust Mid Cap Core AlphaDEX Fund during the 3rd quarter valued at $249,000. Elios Financial Group Inc. purchased a new position in shares of First Trust Mid Cap Core AlphaDEX Fund in the third quarter valued at about $272,000. FMR LLC boosted its stake in shares of First Trust Mid Cap Core AlphaDEX Fund by 8.4% in the third 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. Good Life Advisors LLC purchased a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund during the third quarter worth about $331,000. Finally, Woodmont Investment Counsel LLC raised its stake in First Trust Mid Cap Core AlphaDEX Fund by 65.3% during the 3rd quarter. Woodmont Investment Counsel LLC now owns 3,072 shares of the company’s stock valued at $360,000 after purchasing an additional 1,214 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.