First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Stock Rises by 1.2%: Here’s What You Should Know

The First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) saw its stock price increase by 1.2% in mid-day trading on Friday. The stock reached a peak of $117.17 and closed at the same price. During this trading session, around 13,896 shares changed hands, which is a 32% decrease from the average daily trading volume of 20,398 shares. The previous closing price for FNX was recorded at $115.77.

Price Trends of FNX

Currently, the First Trust Mid Cap Core AlphaDEX Fund has a fifty-day simple moving average of $120.56 and a two-hundred-day simple moving average of $115.71. The company holds a market capitalization of $1.25 billion, a price-to-earnings (P/E) ratio of 13.43, and a beta value of 1.20, which measures its volatility compared to the market.

Dividend Announcement from FNX

In addition to the stock price movement, the company recently declared a dividend payment. This dividend was paid on December 31. Shareholders who were on record as of December 13 received a payment of $0.4657, marking an increase from the previous dividend of $0.35. The ex-dividend date was December 13.

Activity of Institutional Investors in FNX

Recent activity from institutional investors reflects their growing interest in the company. For instance, LPL Financial LLC increased its holdings in the First Trust Mid Cap Core AlphaDEX Fund by 4.9% during the third quarter, acquiring an additional 42,038 shares to bring its total to 902,719, valued at about $105.75 million. Furthermore, National Bank of Canada FI made significant moves by boosting its stake by 9,554.2%, now holding 191,926 shares valued at approximately $22.48 million after purchasing an additional 189,938 shares.

International Assets Investment Management LLC also increased its ownership by 10,294.5%, bringing its total holdings to 184,607 shares worth $21.63 million after acquiring an additional 182,831 shares. Other institutional investors, like Stifel Financial Corp and Lakeridge Wealth Management LLC, have also grown their shares, reflecting a trending shift towards FNX.

Overview of the First Trust Mid Cap Core AlphaDEX Fund

The First Trust Mid Cap Core AlphaDEX Fund (FNX) is an exchange-traded fund (ETF) that tracks the NASDAQ AlphaDEX Mid Cap Core index. This fund is designed to select U.S. mid-cap equities based on both growth and value criteria. Launched on May 8, 2007, FNX is managed by First Trust.

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