First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Sees Strong Trading Volume - What's Next?

The First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) experienced a notable surge in trading volume on Thursday, with approximately 94,362 shares being traded. This figure represents an impressive 174% increase from the previous trading session's volume of 34,427 shares. At the close of trading, the stock was priced at $121.33, up slightly from its previous close of $121.29.

Price Performance of First Trust Mid Cap Core AlphaDEX Fund

Currently, FNX has a fifty-day moving average price of $120.23, while its two-hundred-day moving average sits at $116.64. The fund has a market capitalization of $1.29 billion, a price-to-earnings ratio (P/E) of 13.43, and a beta of 1.20, indicating its volatility compared to the market.

Dividend Increase Announced

In a positive development, the First Trust Mid Cap Core AlphaDEX Fund announced a dividend increase recently. The dividend, amounting to $0.4657, was paid out to investors of record on Friday, December 13th. This marked an increase from the fund's previous dividend of $0.35, showing growth in shareholder returns.

Institutional Interest in the Fund

Recent market activity indicates increased interest from institutional investors in the First Trust Mid Cap Core AlphaDEX Fund. For instance, Kingswood Wealth Advisors LLC established a new position in FNX valued at approximately $221,000 during the fourth quarter. Similarly, Pure Financial Advisors LLC and Schrum Private Wealth Management LLC also acquired new positions during the same quarter, valued at around $239,000 and $249,000, respectively. Additionally, Elios Financial Group Inc. purchased shares worth about $272,000 in the third quarter. Notably, FMR LLC raised its stake in FNX by 8.4% in the third quarter, increasing its holdings to 2,648 shares valued at $310,000 after acquiring an additional 205 shares during that period.

About First Trust Mid Cap Core AlphaDEX Fund

The First Trust Mid Cap Core AlphaDEX Fund (FNX) is an exchange-traded fund (ETF) designed to track the NASDAQ AlphaDEX Mid Cap Core Index. This fund focuses on a tiered, equal-weighted selection of US mid-cap stocks, utilizing both growth and value criteria to choose its holdings. The fund was first launched on May 8, 2007, and is managed by First Trust.

Trading, Volume, Dividend