First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) Trading Up 0.8% – Time to Buy?

First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) was up 0.8% on Wednesday . The stock traded as high as $17.58 and last traded at $17.37. Approximately 212,653 shares were traded during mid-day trading, a decline of 41% from the average daily volume of 360,980 shares. The stock had previously closed at $17.23.

First Trust Energy AlphaDEX Fund Price Performance

The company has a 50-day moving average price of $16.85 and a two-hundred day moving average price of $16.88. The company has a market cap of $607.95 million, a PE ratio of 7.24 and a beta of 0.63.

Institutional Investors Weigh In On First Trust Energy AlphaDEX Fund

Several institutional investors and hedge funds have recently modified their holdings of FXN. International Assets Investment Management LLC boosted its holdings in First Trust Energy AlphaDEX Fund by 39,553.9% in the third quarter. International Assets Investment Management LLC now owns 5,862,831 shares of the company’s stock valued at $102,865,000 after purchasing an additional 5,848,046 shares during the last quarter. Raymond James Financial Inc. purchased a new position in First Trust Energy AlphaDEX Fund in the fourth quarter valued at about $11,629,000. BNP Paribas Financial Markets boosted its holdings in First Trust Energy AlphaDEX Fund by 298,695.2% in the third quarter. BNP Paribas Financial Markets now owns 248,000 shares of the company’s stock valued at $4,023,000 after purchasing an additional 247,917 shares during the last quarter. Independent Advisor Alliance acquired a new stake in First Trust Energy AlphaDEX Fund during the fourth quarter valued at approximately $2,987,000. Finally, Jane Street Group LLC acquired a new stake in First Trust Energy AlphaDEX Fund during the fourth quarter valued at approximately $1,656,000.

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.