First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) Trading Down 1% – Here’s What Happened

First Trust Energy AlphaDEX Fund (NYSEARCA:FXN)’s stock price dropped 1% during trading on Thursday . The stock traded as low as $16.87 and last traded at $17.05. Approximately 977,831 shares were traded during mid-day trading, an increase of 43% from the average daily volume of 682,053 shares. The stock had previously closed at $17.23.

First Trust Energy AlphaDEX Fund Stock Performance

The firm has a market cap of $254.05 million, a P/E ratio of 10.63 and a beta of 0.88. The firm’s fifty day moving average is $16.65 and its 200 day moving average is $16.15.

Hedge Funds Weigh In On First Trust Energy AlphaDEX Fund

A number of large investors have recently made changes to their positions in the company. REAP Financial Group LLC increased its position in First Trust Energy AlphaDEX Fund by 33.6% during the 3rd quarter. REAP Financial Group LLC now owns 9,843 shares of the company’s stock worth $160,000 after buying an additional 2,478 shares during the period. Envestnet Asset Management Inc. increased its position in First Trust Energy AlphaDEX Fund by 6.6% during the third quarter. Envestnet Asset Management Inc. now owns 51,112 shares of the company’s stock worth $833,000 after acquiring an additional 3,159 shares during the period. Jones Financial Companies Lllp increased its position in First Trust Energy AlphaDEX Fund by 10.5% during the third quarter. Jones Financial Companies Lllp now owns 27,860 shares of the company’s stock worth $468,000 after acquiring an additional 2,642 shares during the period. Hazlett Burt & Watson Inc. raised its stake in First Trust Energy AlphaDEX Fund by 116.0% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 3,166 shares of the company’s stock worth $50,000 after purchasing an additional 1,700 shares in the last quarter. Finally, Independent Advisor Alliance boosted its holdings in First Trust Energy AlphaDEX Fund by 4.2% in the 3rd quarter. Independent Advisor Alliance now owns 163,179 shares of the company’s stock valued at $2,660,000 after purchasing an additional 6,578 shares during the period.

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.