First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ) Trading Up 1.3% – Time to Buy?

Posted by Tyrone Williams on Jun 9th, 2026

First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ – Get Free Report)’s stock price was up 1.3% during trading on Tuesday . The stock traded as high as $82.49 and last traded at $82.00. Approximately 28,361 shares were traded during mid-day trading, a decline of 48% from the average daily volume of 54,312 shares. The stock had previously closed at $80.91.

First Trust Materials AlphaDEX Fund Stock Up 1.3%

The stock has a market capitalization of $393.60 million, a price-to-earnings ratio of 17.24 and a beta of 1.02. The company’s fifty day simple moving average is $79.99 and its 200 day simple moving average is $74.04.

Hedge Funds Weigh In On First Trust Materials AlphaDEX Fund

Several institutional investors and hedge funds have recently modified their holdings of FXZ. Bank of America Corp DE increased its holdings in shares of First Trust Materials AlphaDEX Fund by 277.6% in the first quarter. Bank of America Corp DE now owns 385,160 shares of the company’s stock valued at $29,353,000 after purchasing an additional 283,145 shares during the last quarter. Summit Financial LLC increased its holdings in shares of First Trust Materials AlphaDEX Fund by 813.9% in the fourth quarter. Summit Financial LLC now owns 63,029 shares of the company’s stock valued at $4,086,000 after purchasing an additional 56,132 shares during the last quarter. D.A. Davidson & CO. acquired a new position in shares of First Trust Materials AlphaDEX Fund in the first quarter valued at $4,120,000. BNP Paribas Financial Markets acquired a new position in shares of First Trust Materials AlphaDEX Fund in the third quarter valued at $3,080,000. Finally, Ameriprise Financial Inc. increased its holdings in shares of First Trust Materials AlphaDEX Fund by 15.1% in the third quarter. Ameriprise Financial Inc. now owns 124,960 shares of the company’s stock valued at $7,662,000 after purchasing an additional 16,382 shares during the last quarter.

About First Trust Materials AlphaDEX Fund

(Get Free Report)

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.