First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) Shares Down 0.3%

First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) was down 0.3% on Wednesday . The company traded as low as $18.38 and last traded at $18.51. Approximately 2,221,342 shares changed hands during mid-day trading, an increase of 6% from the average daily volume of 2,102,384 shares. The stock had previously closed at $18.56.

First Trust Energy AlphaDEX Fund Stock Performance

The company has a market capitalization of $647.85 million, a price-to-earnings ratio of 7.24 and a beta of 0.63. The stock’s fifty day simple moving average is $18.38 and its two-hundred day simple moving average is $17.27.

Institutional Trading of First Trust Energy AlphaDEX Fund

A number of hedge funds have recently bought and sold shares of FXN. International Assets Investment Management LLC purchased a new stake in First Trust Energy AlphaDEX Fund during the fourth quarter valued at about $10,408,000. D.A. Davidson & CO. lifted its stake in First Trust Energy AlphaDEX Fund by 2,900.9% during the third quarter. D.A. Davidson & CO. now owns 531,694 shares of the company’s stock valued at $9,262,000 after buying an additional 513,976 shares in the last quarter. Global Assets Advisory LLC lifted its stake in First Trust Energy AlphaDEX Fund by 1,786.0% during the first quarter. Global Assets Advisory LLC now owns 446,020 shares of the company’s stock valued at $8,354,000 after buying an additional 422,371 shares in the last quarter. Vestmark Advisory Solutions Inc. purchased a new stake in First Trust Energy AlphaDEX Fund during the third quarter valued at about $6,617,000. Finally, Envestnet Asset Management Inc. lifted its stake in First Trust Energy AlphaDEX Fund by 97.8% during the third quarter. Envestnet Asset Management Inc. now owns 763,193 shares of the company’s stock valued at $13,295,000 after buying an additional 377,287 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.