First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

First Trust Energy AlphaDEX Fund (NYSEARCA:FXN)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $17.46 and traded as high as $17.86. First Trust Energy AlphaDEX Fund shares last traded at $17.65, with a volume of 192,982 shares traded.

First Trust Energy AlphaDEX Fund Trading Down 0.1 %

The firm has a 50-day moving average of $16.86 and a two-hundred day moving average of $17.46. The firm has a market capitalization of $617.75 million, a P/E ratio of 7.24 and a beta of 0.63.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Ashton Thomas Private Wealth LLC acquired a new position in shares of First Trust Energy AlphaDEX Fund during the second quarter worth $54,000. Prospera Private Wealth LLC bought a new stake in First Trust Energy AlphaDEX Fund during the 3rd quarter worth $88,000. Creative Financial Designs Inc. ADV grew its position in First Trust Energy AlphaDEX Fund by 12.9% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 6,421 shares of the company’s stock worth $104,000 after acquiring an additional 732 shares during the last quarter. Bright Futures Wealth Management LLC. acquired a new position in First Trust Energy AlphaDEX Fund in the 1st quarter worth about $199,000. Finally, Moors & Cabot Inc. raised its position in First Trust Energy AlphaDEX Fund by 4.9% in the second quarter. Moors & Cabot Inc. now owns 12,915 shares of the company’s stock valued at $235,000 after purchasing an additional 607 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.