First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) Shares Down 0.8% – Here’s What Happened

First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK)’s stock price was down 0.8% on Friday . The stock traded as low as $50.27 and last traded at $50.51. Approximately 4,712 shares were traded during mid-day trading, a decline of 67% from the average daily volume of 14,466 shares. The stock had previously closed at $50.91.

First Trust Mid Cap Value AlphaDEX Fund Stock Down 0.8 %

The stock’s fifty day moving average is $53.22 and its two-hundred day moving average is $54.06. The firm has a market capitalization of $204.57 million, a price-to-earnings ratio of 11.26 and a beta of 1.28.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Moors & Cabot Inc. bought a new position in First Trust Mid Cap Value AlphaDEX Fund during the third quarter worth about $235,000. Great Valley Advisor Group Inc. bought a new stake in First Trust Mid Cap Value AlphaDEX Fund in the third quarter valued at approximately $214,000. Benjamin Edwards Inc. acquired a new stake in shares of First Trust Mid Cap Value AlphaDEX Fund in the third quarter valued at approximately $1,786,000. Stifel Financial Corp boosted its stake in shares of First Trust Mid Cap Value AlphaDEX Fund by 6.5% during the 3rd quarter. Stifel Financial Corp now owns 24,407 shares of the company’s stock worth $1,330,000 after acquiring an additional 1,479 shares during the period. Finally, Jane Street Group LLC acquired a new position in shares of First Trust Mid Cap Value AlphaDEX Fund during the 3rd quarter worth approximately $223,000.

First Trust Mid Cap Value AlphaDEX Fund Company Profile

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.