First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) Trading Down 0.9% – Here’s Why

First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) traded down 0.9% during mid-day trading on Thursday . The company traded as low as $17.04 and last traded at $17.11. 1,000,982 shares were traded during trading, a decline of 44% from the average session volume of 1,795,961 shares. The stock had previously closed at $17.27.

First Trust Energy AlphaDEX Fund Trading Down 0.9 %

The stock has a market capitalization of $598.85 million, a PE ratio of 7.24 and a beta of 0.63. The business has a fifty day moving average price of $16.56 and a 200-day moving average price of $17.57.

Institutional Investors Weigh In On First Trust Energy AlphaDEX Fund

A number of hedge funds and other institutional investors have recently modified their holdings of FXN. Ashton Thomas Private Wealth LLC purchased a new stake in First Trust Energy AlphaDEX Fund during the 2nd quarter valued at $54,000. Creative Financial Designs Inc. ADV grew its stake in shares of First Trust Energy AlphaDEX Fund by 12.9% in the third quarter. Creative Financial Designs Inc. ADV now owns 6,421 shares of the company’s stock worth $104,000 after purchasing an additional 732 shares during the last quarter. Bright Futures Wealth Management LLC. purchased a new position in First Trust Energy AlphaDEX Fund during the 1st quarter valued at about $199,000. Geneos Wealth Management Inc. raised its position in First Trust Energy AlphaDEX Fund by 219.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 11,813 shares of the company’s stock valued at $221,000 after purchasing an additional 8,118 shares during the last quarter. Finally, Moors & Cabot Inc. lifted its holdings in First Trust Energy AlphaDEX Fund by 4.9% in the 2nd quarter. Moors & Cabot Inc. now owns 12,915 shares of the company’s stock worth $235,000 after buying an additional 607 shares during the period.

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.