First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) Trading 0.1% Higher – Here’s Why

Shares of First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) shot up 0.1% on Tuesday . The stock traded as high as $16.39 and last traded at $16.25. 208,773 shares traded hands during trading, a decline of 52% from the average session volume of 435,380 shares. The stock had previously closed at $16.24.

First Trust Energy AlphaDEX Fund Stock Performance

The firm’s 50-day moving average price is $16.76 and its two-hundred day moving average price is $16.73. The stock has a market cap of $348.18 million, a price-to-earnings ratio of 9.98 and a beta of 1.59.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Global Retirement Partners LLC lifted its position in First Trust Energy AlphaDEX Fund by 23.4% in the fourth quarter. Global Retirement Partners LLC now owns 5,476 shares of the company’s stock valued at $89,000 after buying an additional 1,040 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in First Trust Energy AlphaDEX Fund during the fourth quarter worth about $252,000. Avestar Capital LLC increased its stake in First Trust Energy AlphaDEX Fund by 6.1% during the fourth quarter. Avestar Capital LLC now owns 362,115 shares of the company’s stock worth $5,917,000 after purchasing an additional 20,722 shares during the period. Golden State Wealth Management LLC purchased a new stake in shares of First Trust Energy AlphaDEX Fund during the fourth quarter worth approximately $25,000. Finally, Stratos Wealth Partners LTD. increased its stake in shares of First Trust Energy AlphaDEX Fund by 29.4% during the fourth quarter. Stratos Wealth Partners LTD. now owns 125,681 shares of the company’s stock worth $2,054,000 after buying an additional 28,529 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.