First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Reaches New 52-Week High - Here's What Happened

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX - Get Free Report) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $140.66 and last traded at $140.31, with a volume of 2589 shares changing hands. The stock had previously closed at $139.32.First Trust Mid Cap Core AlphaDEX Fund Price PerformanceThe company's 50 day moving average price is $132.46 and its 200 day moving average price is $130.08. The firm has a market capitalization of $1.35 billion, a P/E ratio of 14.19 and a beta of 1.07. First Trust Mid Cap Core AlphaDEX Fund Cuts DividendThe business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid a dividend of $0.3141 per share. This represents a $1.26 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, March 26th. Hedge Funds Weigh In On First Trust Mid Cap Core AlphaDEX FundSeveral hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its holdings in First Trust Mid Cap Core AlphaDEX Fund by 1,910.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,392,336 shares of the company's stock valued at $175,406,000 after acquiring an additional 1,323,065 shares during the last quarter. Morgan Stanley boosted its holdings in First Trust Mid Cap Core AlphaDEX Fund by 0.5% in the fourth quarter. Morgan Stanley now owns 1,050,519 shares of the company's stock valued at $132,340,000 after acquiring an additional 5,458 shares during the last quarter. LPL Financial LLC boosted its holdings in First Trust Mid Cap Core AlphaDEX Fund by 5.5% in the fourth quarter. LPL Financial LLC now owns 934,661 shares of the company's stock valued at $117,744,000 after acquiring an additional 48,416 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in First Trust Mid Cap Core AlphaDEX Fund by 1.9% in the fourth quarter. Wells Fargo & Company MN now owns 679,379 shares of the company's stock valued at $85,585,000 after acquiring an additional 12,936 shares during the last quarter. Finally, UBS Group AG boosted its holdings in First Trust Mid Cap Core AlphaDEX Fund by 1.3% in the fourth quarter. UBS Group AG now owns 217,783 shares of the company's stock valued at $27,435,000 after acquiring an additional 2,726 shares during the last quarter. About First Trust Mid Cap Core AlphaDEX Fund (Get Free Report)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. Read MoreFive stocks we like better than First Trust Mid Cap Core AlphaDEX FundThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in First Trust Mid Cap Core AlphaDEX Fund Right Now?Before you consider First Trust Mid Cap Core AlphaDEX Fund, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and First Trust Mid Cap Core AlphaDEX Fund wasn't on the list.While First Trust Mid Cap Core AlphaDEX Fund currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here