First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) Stock Price Down 0.1% – Here’s What Happened

Shares of First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) traded down 0.1% during mid-day trading on Wednesday . The stock traded as low as $16.79 and last traded at $16.96. 571,472 shares changed hands during trading, an increase of 35% from the average session volume of 424,314 shares. The stock had previously closed at $16.97.

First Trust Energy AlphaDEX Fund Price Performance

The company has a market cap of $593.60 million, a price-to-earnings ratio of 7.24 and a beta of 0.63. The business’s fifty day moving average price is $16.84 and its 200 day moving average price is $17.07.

Institutional Investors Weigh In On First Trust Energy AlphaDEX Fund

Institutional investors and hedge funds have recently made changes to their positions in the stock. Raymond James & Associates lifted its holdings in First Trust Energy AlphaDEX Fund by 5.8% in the third quarter. Raymond James & Associates now owns 376,559 shares of the company’s stock valued at $6,108,000 after buying an additional 20,651 shares during the period. International Assets Investment Management LLC raised its position in shares of First Trust Energy AlphaDEX Fund by 39,553.9% in the 3rd quarter. International Assets Investment Management LLC now owns 5,862,831 shares of the company’s stock worth $102,865,000 after acquiring an additional 5,848,046 shares in the last quarter. Global Assets Advisory LLC acquired a new position in shares of First Trust Energy AlphaDEX Fund in the 3rd quarter valued at about $391,000. Millennium Management LLC boosted its position in shares of First Trust Energy AlphaDEX Fund by 313.6% during the 2nd quarter. Millennium Management LLC now owns 160,276 shares of the company’s stock valued at $2,917,000 after purchasing an additional 121,522 shares in the last quarter. Finally, TAP Consulting LLC grew its stake in First Trust Energy AlphaDEX Fund by 2.4% during the third quarter. TAP Consulting LLC now owns 135,611 shares of the company’s stock worth $2,200,000 after purchasing an additional 3,202 shares during the period.

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.