First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ) Stock Price Down 1.7% – Here’s Why

Shares of First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ) were down 1.7% during trading on Tuesday . The company traded as low as $54.43 and last traded at $54.79. Approximately 94,282 shares changed hands during trading, an increase of 178% from the average daily volume of 33,861 shares. The stock had previously closed at $55.73.

First Trust Materials AlphaDEX Fund Price Performance

The stock has a market cap of $241.08 million, a PE ratio of 12.55 and a beta of 1.22. The stock has a 50-day simple moving average of $58.48 and a 200-day simple moving average of $62.39.

Institutional Investors Weigh In On First Trust Materials AlphaDEX Fund

Hedge funds have recently modified their holdings of the stock. Bellwether Advisors LLC acquired a new stake in First Trust Materials AlphaDEX Fund during the 4th quarter valued at approximately $26,000. Ameriflex Group Inc. purchased a new position in shares of First Trust Materials AlphaDEX Fund during the 4th quarter valued at approximately $29,000. Aptus Capital Advisors LLC purchased a new position in shares of First Trust Materials AlphaDEX Fund during the 4th quarter valued at approximately $39,000. Blue Trust Inc. acquired a new stake in shares of First Trust Materials AlphaDEX Fund during the fourth quarter worth approximately $48,000. Finally, Global Retirement Partners LLC increased 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 buying an additional 767 shares during the last quarter.

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.