First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) Trading Up 0.1% – Here’s Why

First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) shares traded up 0.1% during mid-day trading on Tuesday . The company traded as high as $16.39 and last traded at $16.25. 208,773 shares traded hands during trading, a decline of 52% from the average session volume of 435,380 shares. The stock had previously closed at $16.24.

First Trust Energy AlphaDEX Fund Stock Performance

The company has a market capitalization of $348.18 million, a PE ratio of 9.98 and a beta of 1.59. The business’s 50-day simple moving average is $16.76 and its 200-day simple moving average is $16.73.

Hedge Funds Weigh In On First Trust Energy AlphaDEX Fund

Institutional investors have recently made changes to their positions in the company. Global Retirement Partners LLC increased its holdings in First Trust Energy AlphaDEX Fund by 23.4% in the 4th quarter. Global Retirement Partners LLC now owns 5,476 shares of the company’s stock worth $89,000 after acquiring an additional 1,040 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in First Trust Energy AlphaDEX Fund during the 4th quarter worth $252,000. Avestar Capital LLC boosted its stake in First Trust Energy AlphaDEX Fund by 6.1% during the 4th quarter. Avestar Capital LLC now owns 362,115 shares of the company’s stock worth $5,917,000 after purchasing an additional 20,722 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in First Trust Energy AlphaDEX Fund during the 4th quarter worth $25,000. Finally, Stratos Wealth Partners LTD. boosted its stake in First Trust Energy AlphaDEX Fund by 29.4% during the 4th quarter. Stratos Wealth Partners LTD. now owns 125,681 shares of the company’s stock worth $2,054,000 after purchasing an additional 28,529 shares during the last quarter.

First Trust Energy AlphaDEX Fund Company Profile

The First Trust Energy AlphaDEX Fund (FXN) is an exchange-traded fund that is based on the StrataQuant Energy index. The fund tracks an index of large- and mid-cap US energy stocks. The underlying index uses multi-factor selection and tiered equal-weighting. FXN was launched on May 8, 2007 and is managed by First Trust.