First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) Trading 0.8% Higher – Here’s Why

First Trust Energy AlphaDEX Fund (NYSEARCA:FXN)’s share price rose 0.8% during mid-day trading on Thursday . The company traded as high as $23.56 and last traded at $23.52. 280,978 shares traded hands during trading, a decline of 78% from the average daily volume of 1,291,987 shares. The stock had previously closed at $23.34.

First Trust Energy AlphaDEX Fund Stock Performance

The stock’s 50-day moving average price is $22.67 and its two-hundred day moving average price is $21.81. The stock has a market capitalization of $403.37 million, a PE ratio of 10.63 and a beta of 0.55.

Institutional Trading of First Trust Energy AlphaDEX Fund

Institutional investors and hedge funds have recently modified their holdings of the company. First Trust Advisors LP bought a new stake in First Trust Energy AlphaDEX Fund during the first quarter worth approximately $672,402,000. NewEdge Advisors LLC increased its position in First Trust Energy AlphaDEX Fund by 1,886.8% during the 1st quarter. NewEdge Advisors LLC now owns 684,027 shares of the company’s stock valued at $15,363,000 after buying an additional 649,599 shares in the last quarter. Bank of America Corp DE increased its stake in First Trust Energy AlphaDEX Fund by 39.0% during the 1st quarter. Bank of America Corp DE now owns 564,138 shares of the company’s stock valued at $12,671,000 after purchasing an additional 158,356 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of First Trust Energy AlphaDEX Fund by 131.2% in the first quarter. Royal Bank of Canada now owns 325,290 shares of the company’s stock valued at $7,306,000 after purchasing an additional 184,619 shares during the period. Finally, D.A. Davidson & CO. raised its holdings in shares of First Trust Energy AlphaDEX Fund by 2,201.2% during the first quarter. D.A. Davidson & CO. now owns 251,057 shares of the company’s stock worth $5,639,000 after purchasing an additional 240,147 shares during 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.