First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) Stock Price Up 2% – Should You Buy?

First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) shares were up 2% on Friday . The stock traded as high as $22.30 and last traded at $22.27. Approximately 573,856 shares traded hands during mid-day trading, a decline of 55% from the average daily volume of 1,262,894 shares. The stock had previously closed at $21.84.

First Trust Energy AlphaDEX Fund Stock Up 2.0%

The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 10.63 and a beta of 0.56. The company’s 50 day simple moving average is $21.53 and its two-hundred day simple moving average is $18.83.

Institutional Investors Weigh In On First Trust Energy AlphaDEX Fund

Several institutional investors have recently bought and sold shares of the company. First Trust Advisors LP acquired a new stake in First Trust Energy AlphaDEX Fund in the first quarter valued at approximately $672,402,000. BNP Paribas Financial Markets boosted its stake in First Trust Energy AlphaDEX Fund by 543.5% in the second quarter. BNP Paribas Financial Markets now owns 651,200 shares of the company’s stock valued at $9,885,000 after acquiring an additional 550,000 shares in the last quarter. D.A. Davidson & CO. boosted its stake in First Trust Energy AlphaDEX Fund by 2,201.2% in the first quarter. D.A. Davidson & CO. now owns 251,057 shares of the company’s stock valued at $5,639,000 after acquiring an additional 240,147 shares in the last quarter. Quadrature Capital Ltd boosted its stake in First Trust Energy AlphaDEX Fund by 53.9% in the third quarter. Quadrature Capital Ltd now owns 222,036 shares of the company’s stock valued at $3,620,000 after acquiring an additional 77,794 shares in the last quarter. Finally, Independent Advisor Alliance boosted its stake in First Trust Energy AlphaDEX Fund by 4.5% in the fourth quarter. Independent Advisor Alliance now owns 170,591 shares of the company’s stock valued at $2,810,000 after acquiring an additional 7,412 shares in the last quarter.

About First Trust Energy AlphaDEX Fund

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.