First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) Shares Down 0.9% – Here’s Why

Shares of First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) dropped 0.9% during mid-day trading on Thursday . The company traded as low as $17.04 and last traded at $17.11. Approximately 1,000,982 shares traded hands during mid-day trading, a decline of 44% from the average daily volume of 1,795,961 shares. The stock had previously closed at $17.27.

First Trust Energy AlphaDEX Fund Stock Performance

The business’s 50 day simple moving average is $16.56 and its 200-day simple moving average is $17.56. The company has a market cap of $601.30 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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC bought a new position in shares of First Trust Energy AlphaDEX Fund during the 2nd quarter valued at $54,000. Prospera Private Wealth LLC acquired a new stake in shares of First Trust Energy AlphaDEX Fund in the third quarter worth about $88,000. Creative Financial Designs Inc. ADV boosted its stake in shares of First Trust Energy AlphaDEX Fund by 12.9% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 6,421 shares of the company’s stock worth $104,000 after acquiring an additional 732 shares in the last quarter. Bright Futures Wealth Management LLC. acquired a new position in shares of First Trust Energy AlphaDEX Fund during the 1st quarter valued at about $199,000. Finally, Geneos Wealth Management Inc. increased its holdings in shares of First Trust Energy AlphaDEX Fund by 219.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 11,813 shares of the company’s stock valued at $221,000 after acquiring an additional 8,118 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.