First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Sets New 1-Year Low – Time to Sell?

Shares of First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) hit a new 52-week low during trading on Thursday . The company traded as low as $104.21 and last traded at $104.35, with a volume of 9413 shares trading hands. The stock had previously closed at $111.14.

First Trust Mid Cap Core AlphaDEX Fund Price Performance

The stock has a market cap of $1.00 billion, a price-to-earnings ratio of 14.61 and a beta of 1.20. The company’s fifty day simple moving average is $113.87 and its two-hundred day simple moving average is $117.29.

First Trust Mid Cap Core AlphaDEX Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were issued a $0.2561 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.04%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FNX. Lakeridge Wealth Management LLC lifted its position in shares of First Trust Mid Cap Core AlphaDEX Fund by 1.9% during the fourth quarter. Lakeridge Wealth Management LLC now owns 70,906 shares of the company’s stock valued at $8,205,000 after purchasing an additional 1,300 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in First Trust Mid Cap Core AlphaDEX Fund in the 4th quarter valued at about $31,000. Stratos Wealth Partners LTD. lifted its position in shares of First Trust Mid Cap Core AlphaDEX Fund by 9.1% during the 4th quarter. Stratos Wealth Partners LTD. now owns 34,019 shares of the company’s stock worth $3,937,000 after buying an additional 2,833 shares in the last quarter. Kingswood Wealth Advisors LLC purchased a new position in shares of First Trust Mid Cap Core AlphaDEX Fund in the 4th quarter worth approximately $221,000. Finally, Chicago Partners Investment Group LLC grew its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 0.6% in the fourth quarter. Chicago Partners Investment Group LLC now owns 60,268 shares of the company’s stock valued at $7,026,000 after acquiring an additional 359 shares in the last quarter.

First Trust Mid Cap Core AlphaDEX Fund Company Profile

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.