First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ) Shares Down 0.2%

First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ) shares fell 0.2% on Wednesday . The stock traded as low as $64.00 and last traded at $64.09. 21,123 shares traded hands during trading, a decline of 44% from the average session volume of 37,832 shares. The stock had previously closed at $64.23.

First Trust Materials AlphaDEX Fund Stock Down 0.2 %

The company has a market capitalization of $387.77 million, a PE ratio of 9.32 and a beta of 1.04. The company’s 50 day moving average is $64.52 and its two-hundred day moving average is $66.89.

Hedge Funds Weigh In On First Trust Materials AlphaDEX Fund

A number of institutional investors and hedge funds have recently made changes to their positions in FXZ. Cetera Investment Advisers grew its stake in shares of First Trust Materials AlphaDEX Fund by 2,306.6% in the 1st quarter. Cetera Investment Advisers now owns 121,824 shares of the company’s stock worth $8,691,000 after buying an additional 116,762 shares in the last quarter. UBS Group AG lifted its holdings in shares of First Trust Materials AlphaDEX Fund by 30.7% in the 4th quarter. UBS Group AG now owns 210,597 shares of the company’s stock worth $14,523,000 after acquiring an additional 49,472 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of First Trust Materials AlphaDEX Fund in the 2nd quarter worth about $1,415,000. Cornerstone Planning Group LLC lifted its holdings in shares of First Trust Materials AlphaDEX Fund by 10.7% in the 1st quarter. Cornerstone Planning Group LLC now owns 113,993 shares of the company’s stock worth $7,767,000 after acquiring an additional 11,002 shares during the last quarter. Finally, Arbor Capital Management Inc. ADV bought a new stake in shares of First Trust Materials AlphaDEX Fund in the 2nd quarter worth about $548,000.

First Trust Materials AlphaDEX Fund Company Profile

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.