Shares of First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK – Get Free Report) were down 0.8% during mid-day trading on Friday . The stock traded as low as $50.27 and last traded at $50.51. Approximately 4,712 shares traded hands 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 Trading Down 0.8 %
The company has a 50 day simple moving average of $53.22 and a 200 day simple moving average of $54.06. The stock has a market capitalization of $204.57 million, a PE ratio of 11.26 and a beta of 1.28.
Institutional Investors Weigh In On First Trust Mid Cap Value AlphaDEX Fund
Several large investors have recently modified their holdings of the stock. Moors & Cabot Inc. purchased a new position in First Trust Mid Cap Value AlphaDEX Fund in the 3rd quarter valued at $235,000. Great Valley Advisor Group Inc. purchased a new stake in shares of First Trust Mid Cap Value AlphaDEX Fund in the third quarter valued at about $214,000. Benjamin Edwards Inc. purchased a new stake in shares of First Trust Mid Cap Value AlphaDEX Fund in the third quarter valued at about $1,786,000. Stifel Financial Corp increased its stake in shares of First Trust Mid Cap Value AlphaDEX Fund by 6.5% during the third 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 purchased a new position in First Trust Mid Cap Value AlphaDEX Fund during the third quarter worth about $223,000.
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.
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