First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) Shares Up 1.6% – Time to Buy?

First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) shares traded up 1.6% during mid-day trading on Tuesday . The stock traded as high as $21.68 and last traded at $21.68. Approximately 353,841 shares changed hands during trading, a decline of 77% from the average session volume of 1,556,930 shares. The stock had previously closed at $21.33.

First Trust Energy AlphaDEX Fund Stock Performance

The business’s fifty day moving average price is $21.23 and its 200-day moving average price is $20.41. The stock has a market cap of $391.32 million, a PE ratio of 10.63 and a beta of 0.54.

Institutional Investors Weigh In On First Trust Energy AlphaDEX Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in First Trust Energy AlphaDEX Fund in the 4th quarter worth approximately $28,000. AlphaCore Capital LLC bought a new position in shares of First Trust Energy AlphaDEX Fund during the 4th quarter valued at $31,000. Silver Grove Financial Group Inc. bought a new position in shares of First Trust Energy AlphaDEX Fund during the 4th quarter valued at $39,000. Sound Income Strategies LLC purchased a new position in shares of First Trust Energy AlphaDEX Fund in the 4th quarter worth $40,000. Finally, Hazlett Burt & Watson Inc. boosted its stake in shares of First Trust Energy AlphaDEX Fund by 22.1% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 3,866 shares of the company’s stock worth $65,000 after buying an additional 700 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.