First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) Shares Down 1% – What’s Next?

First Trust Energy AlphaDEX Fund (NYSEARCA:FXNGet Free Report) traded down 1% during mid-day trading on Thursday . The company traded as low as $16.87 and last traded at $17.05. 977,831 shares were traded during mid-day trading, an increase of 43% from the average session volume of 682,053 shares. The stock had previously closed at $17.23.

First Trust Energy AlphaDEX Fund Stock Performance

The stock’s fifty day simple moving average is $16.65 and its two-hundred day simple moving average is $16.15. The stock has a market capitalization of $254.05 million, a P/E ratio of 10.63 and a beta of 0.88.

Institutional Trading of First Trust Energy AlphaDEX Fund

Several institutional investors have recently added to or reduced their stakes in the stock. Biltmore Family Office LLC acquired a new stake in First Trust Energy AlphaDEX Fund during the 2nd quarter valued at approximately $49,000. Hazlett Burt & Watson Inc. increased its position in shares of First Trust Energy AlphaDEX Fund by 116.0% during the third quarter. Hazlett Burt & Watson Inc. now owns 3,166 shares of the company’s stock worth $50,000 after buying an additional 1,700 shares during the period. JPMorgan Chase & Co. acquired a new stake in shares of First Trust Energy AlphaDEX Fund during the third quarter worth $70,000. Comerica Bank raised its stake in First Trust Energy AlphaDEX Fund by 65.2% during the third quarter. Comerica Bank now owns 7,360 shares of the company’s stock worth $120,000 after buying an additional 2,905 shares during the last quarter. Finally, REAP Financial Group LLC lifted its holdings in First Trust Energy AlphaDEX Fund by 33.6% in the third quarter. REAP Financial Group LLC now owns 9,843 shares of the company’s stock valued at $160,000 after buying an additional 2,478 shares during the period.

About First Trust Energy AlphaDEX Fund

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for First Trust Energy AlphaDEX Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Energy AlphaDEX Fund and related companies with MarketBeat.com's FREE daily email newsletter.