First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ) Trading Up 0% – Here’s Why

First Trust Materials AlphaDEX Fund (NYSEARCA:FXZGet Free Report)’s share price rose 0% during trading on Wednesday . The company traded as high as $57.24 and last traded at $56.82. Approximately 17,648 shares were traded during trading, a decline of 44% from the average daily volume of 31,278 shares. The stock had previously closed at $56.80.

First Trust Materials AlphaDEX Fund Trading Down 2.3 %

The firm has a 50-day moving average of $58.06 and a two-hundred day moving average of $61.38. The firm has a market capitalization of $232.55 million, a P/E ratio of 15.68 and a beta of 1.22.

First Trust Materials AlphaDEX Fund Cuts Dividend

The business also recently announced a dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 27th will be issued a $0.2126 dividend. The ex-dividend date of this dividend is Thursday, March 27th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Bellwether Advisors LLC bought a new position in First Trust Materials AlphaDEX Fund in the 4th quarter valued at approximately $26,000. Ameriflex Group Inc. acquired a new position in shares of First Trust Materials AlphaDEX Fund during the fourth quarter worth $29,000. Aptus Capital Advisors LLC acquired a new position in shares of First Trust Materials AlphaDEX Fund during the fourth quarter worth $39,000. Global Retirement Partners LLC grew its stake in shares of First Trust Materials AlphaDEX Fund by 881.6% in the fourth quarter. Global Retirement Partners LLC now owns 854 shares of the company’s stock worth $48,000 after purchasing an additional 767 shares during the last quarter. Finally, Blue Trust Inc. acquired a new stake in First Trust Materials AlphaDEX Fund in the fourth quarter valued at $48,000.

First Trust Materials AlphaDEX Fund Company Profile

(Get Free Report)

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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