Shares of First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ – Get Free Report) were up 1.5% during mid-day trading on Thursday . The company traded as high as $65.02 and last traded at $64.85. Approximately 16,567 shares changed hands during trading, a decline of 53% from the average daily volume of 35,606 shares. The stock had previously closed at $63.87.
First Trust Materials AlphaDEX Fund Stock Up 1.5 %
The company has a 50-day moving average price of $65.71 and a 200-day moving average price of $65.87. The company has a market capitalization of $392.34 million, a price-to-earnings ratio of 9.32 and a beta of 1.04.
Institutional Investors Weigh In On First Trust Materials AlphaDEX Fund
Hedge funds and other institutional investors have recently modified their holdings of the stock. Zions Bancorporation N.A. bought a new stake in shares of First Trust Materials AlphaDEX Fund in the 2nd quarter worth approximately $60,000. EP Wealth Advisors LLC bought a new position in First Trust Materials AlphaDEX Fund in the first quarter worth $115,000. CWM LLC boosted its stake in First Trust Materials AlphaDEX Fund by 24.9% during the second quarter. CWM LLC now owns 1,884 shares of the company’s stock worth $122,000 after buying an additional 375 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in First Trust Materials AlphaDEX Fund in the 2nd quarter valued at $273,000. Finally, Atlas Brown Inc. raised its stake in shares of First Trust Materials AlphaDEX Fund by 44.0% in the 2nd quarter. Atlas Brown Inc. now owns 5,620 shares of the company’s stock valued at $364,000 after buying an additional 1,717 shares in the last quarter.
About First Trust Materials AlphaDEX Fund
The First Trust Materials AlphaDEX Fund (FXZ) is an exchange-traded fund that is based on the StrataQuant Materials index. The fund tracks a tiered, equal-weighted index of large- and mid-cap basic materials firms in the US. Holdings are selected and weighted based on growth and value metrics. FXZ was launched on May 8, 2007 and is managed by First Trust.
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