First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) Stock Price Up 0.2%

First Trust Energy AlphaDEX Fund (NYSEARCA:FXN)’s stock price rose 0.2% during trading on Wednesday . The company traded as high as $18.14 and last traded at $17.96. Approximately 1,759,360 shares traded hands during mid-day trading, a decline of 14% from the average daily volume of 2,051,933 shares. The stock had previously closed at $17.93.

First Trust Energy AlphaDEX Fund Stock Up 0.9 %

The company has a market cap of $634.20 million, a P/E ratio of 7.24 and a beta of 0.63. The business’s 50 day moving average is $18.49 and its 200 day moving average is $17.56.

Hedge Funds Weigh In On First Trust Energy AlphaDEX Fund

A number of large investors have recently bought and sold shares of the business. LPL Financial LLC raised its stake in First Trust Energy AlphaDEX Fund by 11.8% in the third quarter. LPL Financial LLC now owns 2,247,863 shares of the company’s stock worth $39,158,000 after buying an additional 238,025 shares in the last quarter. UBS Group AG grew its holdings in First Trust Energy AlphaDEX Fund by 4.3% in the fourth quarter. UBS Group AG now owns 1,893,927 shares of the company’s stock worth $31,610,000 after purchasing an additional 78,951 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in First Trust Energy AlphaDEX Fund by 97.8% in the third quarter. Envestnet Asset Management Inc. now owns 763,193 shares of the company’s stock worth $13,295,000 after purchasing an additional 377,287 shares during the last quarter. International Assets Investment Management LLC purchased a new position in First Trust Energy AlphaDEX Fund in the fourth quarter worth $10,408,000. Finally, Raymond James & Associates grew its holdings in First Trust Energy AlphaDEX Fund by 6.5% in the fourth quarter. Raymond James & Associates now owns 609,697 shares of the company’s stock worth $10,176,000 after purchasing an additional 37,325 shares during the last quarter.

About First Trust Energy AlphaDEX Fund

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.