First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK) Stock Passes Above 200 Day Moving Average – Time to Sell?

First Trust Mid Cap Value AlphaDEX Fund (NASDAQ:FNK)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $53.24 and traded as high as $58.11. First Trust Mid Cap Value AlphaDEX Fund shares last traded at $57.73, with a volume of 7,047 shares.

First Trust Mid Cap Value AlphaDEX Fund Price Performance

The firm has a market cap of $233.93 million, a price-to-earnings ratio of 10.86 and a beta of 1.29. The business has a fifty day simple moving average of $54.83 and a 200 day simple moving average of $53.30.

First Trust Mid Cap Value AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were paid a dividend of $0.2554 per share. This represents a $1.02 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend was Thursday, September 26th. This is a boost from First Trust Mid Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.21.

Institutional Investors Weigh In On First Trust Mid Cap Value AlphaDEX Fund

A number of hedge funds have recently modified their holdings of the business. GAMMA Investing LLC raised its holdings in First Trust Mid Cap Value AlphaDEX Fund by 95.1% in the 2nd quarter. GAMMA Investing LLC now owns 1,816 shares of the company’s stock valued at $93,000 after acquiring an additional 885 shares during the last quarter. Great Valley Advisor Group Inc. acquired a new stake in shares of First Trust Mid Cap Value AlphaDEX Fund in the third quarter valued at approximately $214,000. Jane Street Group LLC acquired a new stake in shares of First Trust Mid Cap Value AlphaDEX Fund in the third quarter valued at approximately $223,000. Moors & Cabot Inc. purchased a new position in First Trust Mid Cap Value AlphaDEX Fund during the third quarter worth approximately $235,000. Finally, Jaffetilchin Investment Partners LLC acquired a new position in First Trust Mid Cap Value AlphaDEX Fund during the first quarter worth $256,000.

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.