First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) Stock Price Down 1% – What’s Next?

First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) was down 1% during mid-day trading on Thursday . The company traded as low as $17.14 and last traded at $17.19. Approximately 302,113 shares were traded during trading, a decline of 45% from the average daily volume of 547,003 shares. The stock had previously closed at $17.36.

First Trust Energy AlphaDEX Fund Stock Performance

The firm has a market capitalization of $287.07 million, a price-to-earnings ratio of 10.63 and a beta of 0.88. The company has a 50-day moving average price of $16.27 and a 200-day moving average price of $15.92.

Hedge Funds Weigh In On First Trust Energy AlphaDEX Fund

Several hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets lifted its position in shares of First Trust Energy AlphaDEX Fund by 543.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 651,200 shares of the company’s stock worth $9,885,000 after buying an additional 550,000 shares during the last quarter. Quadrature Capital Ltd raised its stake in First Trust Energy AlphaDEX Fund by 53.9% during the 3rd quarter. Quadrature Capital Ltd now owns 222,036 shares of the company’s stock worth $3,620,000 after acquiring an additional 77,794 shares in the last quarter. Independent Advisor Alliance raised its stake in First Trust Energy AlphaDEX Fund by 4.2% during the 3rd quarter. Independent Advisor Alliance now owns 163,179 shares of the company’s stock worth $2,660,000 after acquiring an additional 6,578 shares in the last quarter. Navellier & Associates Inc. purchased a new stake in First Trust Energy AlphaDEX Fund in the third quarter valued at $2,006,000. Finally, Goldman Sachs Group Inc. boosted its stake in First Trust Energy AlphaDEX Fund by 2.6% in the first quarter. Goldman Sachs Group Inc. now owns 105,304 shares of the company’s stock valued at $1,740,000 after acquiring an additional 2,686 shares in the last quarter.

First Trust Energy AlphaDEX Fund Company Profile

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.