First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) Trading 0.5% Higher – Here’s What Happened

First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) shares traded up 0.5% on Thursday . The company traded as high as $16.65 and last traded at $16.64. 608,986 shares were traded during mid-day trading, a decline of 68% from the average session volume of 1,888,776 shares. The stock had previously closed at $16.55.

First Trust Energy AlphaDEX Fund Trading Up 0.5 %

The business’s 50 day moving average price is $16.81 and its two-hundred day moving average price is $17.83. The company has a market capitalization of $582.40 million, a price-to-earnings ratio of 7.24 and a beta of 0.63.

Institutional Investors Weigh In On First Trust Energy AlphaDEX Fund

Several hedge funds have recently added to or reduced their stakes in the business. TAP Consulting LLC boosted its position in First Trust Energy AlphaDEX Fund by 2.4% during the 3rd quarter. TAP Consulting LLC now owns 135,611 shares of the company’s stock worth $2,200,000 after buying an additional 3,202 shares during the period. Sanctuary Advisors LLC bought a new position in First Trust Energy AlphaDEX Fund during the 2nd quarter worth approximately $1,295,000. Gateway Wealth Partners LLC raised its holdings in First Trust Energy AlphaDEX Fund by 3.9% during the 2nd quarter. Gateway Wealth Partners LLC now owns 57,402 shares of the company’s stock worth $1,045,000 after purchasing an additional 2,158 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in First Trust Energy AlphaDEX Fund by 6.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 24,777 shares of the company’s stock worth $451,000 after purchasing an additional 1,575 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in 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 worth $2,917,000 after purchasing an additional 121,522 shares during the last quarter.

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.