First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) Stock Price Up 0.7%

Shares of First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) shot up 0.7% during mid-day trading on Wednesday . The company traded as high as $17.85 and last traded at $17.85. 1,902,825 shares changed hands during trading, a decline of 7% from the average session volume of 2,051,909 shares. The stock had previously closed at $17.72.

First Trust Energy AlphaDEX Fund Trading Up 0.3 %

The firm has a fifty day simple moving average of $18.34 and a 200 day simple moving average of $17.74. The stock has a market cap of $636.65 million, a price-to-earnings ratio of 7.24 and a beta of 0.63.

Institutional Investors Weigh In On First Trust Energy AlphaDEX Fund

A number of institutional investors have recently added to or reduced their stakes in the stock. Assetmark Inc. grew its holdings in shares of First Trust Energy AlphaDEX Fund by 53.6% during the fourth quarter. Assetmark Inc. now owns 2,490 shares of the company’s stock worth $42,000 after purchasing an additional 869 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in shares of First Trust Energy AlphaDEX Fund by 2.9% during the third quarter. B. Riley Wealth Advisors Inc. now owns 45,521 shares of the company’s stock valued at $793,000 after acquiring an additional 1,290 shares during the period. Iams Wealth Management LLC lifted its stake in shares of First Trust Energy AlphaDEX Fund by 8.2% during the first quarter. Iams Wealth Management LLC now owns 18,585 shares of the company’s stock valued at $348,000 after acquiring an additional 1,408 shares during the period. HBW Advisory Services LLC boosted its holdings in First Trust Energy AlphaDEX Fund by 14.0% in the fourth quarter. HBW Advisory Services LLC now owns 14,339 shares of the company’s stock valued at $239,000 after acquiring an additional 1,759 shares during the last quarter. Finally, Register Financial Advisors LLC acquired a new stake in First Trust Energy AlphaDEX Fund in the fourth quarter worth about $31,000.

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.