First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ) Shares Cross Below Two Hundred Day Moving Average – Time to Sell?

Shares of First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $65.56 and traded as low as $63.57. First Trust Materials AlphaDEX Fund shares last traded at $63.76, with a volume of 22,723 shares traded.

First Trust Materials AlphaDEX Fund Price Performance

The firm’s 50-day moving average is $65.74 and its 200 day moving average is $65.56. The stock has a market cap of $385.75 million, a price-to-earnings ratio of 9.32 and a beta of 1.04.

Institutional Investors Weigh In On First Trust Materials AlphaDEX Fund

Several institutional investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. grew its stake in First Trust Materials AlphaDEX Fund by 0.4% during the second quarter. Envestnet Asset Management Inc. now owns 49,645 shares of the company’s stock worth $3,218,000 after buying an additional 197 shares during the period. CWM LLC boosted its stake in shares of First Trust Materials AlphaDEX Fund by 24.9% in the second quarter. CWM LLC now owns 1,884 shares of the company’s stock valued at $122,000 after purchasing an additional 375 shares during the period. ROI Financial Advisors LLC boosted its stake in shares of First Trust Materials AlphaDEX Fund by 4.8% in the third quarter. ROI Financial Advisors LLC now owns 8,360 shares of the company’s stock valued at $560,000 after purchasing an additional 384 shares during the period. Private Advisor Group LLC boosted its stake in shares of First Trust Materials AlphaDEX Fund by 3.9% in the second quarter. Private Advisor Group LLC now owns 11,180 shares of the company’s stock valued at $725,000 after purchasing an additional 421 shares during the period. Finally, Clarus Wealth Advisors boosted its stake in shares of First Trust Materials AlphaDEX Fund by 9.4% in the third quarter. Clarus Wealth Advisors now owns 5,833 shares of the company’s stock valued at $387,000 after purchasing an additional 499 shares during the period.

First Trust Materials AlphaDEX Fund Company Profile

The First Trust Materials AlphaDEX Fund (FXZ) is an exchange-traded fund that is based on the StrataQuant Materials index. The fund tracks a tiered, equal-weighted index of large- and mid-cap basic materials firms in the US. Holdings are selected and weighted based on growth and value metrics. FXZ was launched on May 8, 2007 and is managed by First Trust.