First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) Shares Up 0.7% – What’s Next?

First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) shares rose 0.7% on Friday . The stock traded as high as $53.76 and last traded at $53.74. Approximately 50,366 shares traded hands during mid-day trading, a decline of 34% from the average daily volume of 76,533 shares. The stock had previously closed at $53.38.

First Trust Mid Cap Value AlphaDEX Fund Stock Performance

The stock has a market cap of $217.65 million, a P/E ratio of 10.86 and a beta of 1.29. The company’s fifty day moving average price is $55.26 and its 200-day moving average price is $53.84.

First Trust Mid Cap Value AlphaDEX Fund Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a dividend of $0.291 per share. The ex-dividend date of this dividend was Friday, December 13th.

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

A number of large investors have recently bought and sold shares of the business. Jane Street Group LLC purchased a new stake in First Trust Mid Cap Value AlphaDEX Fund in the 3rd quarter valued at about $223,000. GAMMA Investing LLC boosted its holdings in shares of First Trust Mid Cap Value AlphaDEX Fund by 11.5% in the fourth quarter. GAMMA Investing LLC now owns 2,025 shares of the company’s stock valued at $108,000 after purchasing an additional 209 shares during the period. Stifel Financial Corp grew its stake in First Trust Mid Cap Value AlphaDEX Fund by 6.5% in the third quarter. Stifel Financial Corp now owns 24,407 shares of the company’s stock worth $1,330,000 after purchasing an additional 1,479 shares in the last quarter. Benjamin Edwards Inc. purchased a new position in First Trust Mid Cap Value AlphaDEX Fund during the 3rd quarter worth $1,786,000. Finally, Great Valley Advisor Group Inc. bought a new stake in First Trust Mid Cap Value AlphaDEX Fund during the 3rd quarter valued at $214,000.

About First Trust Mid Cap Value AlphaDEX Fund

The First Trust Mid Cap Value AlphaDEX Fund (FNK) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Mid Cap Value index. The fund tracks a mid-cap index that selects value stocks using quant methodology and applies an equal-tiered weighting scheme. FNK was launched on Apr 18, 2011 and is managed by First Trust.