First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ) Trading Down 0.5% – Here’s Why

First Trust Switzerland AlphaDEX Fund (NASDAQ:FSZ) shares dropped 0.5% during mid-day trading on Monday . The stock traded as low as $80.98 and last traded at $81.59. 2,629 shares were traded during trading, an increase of 44% from the average daily volume of 1,821 shares. The stock had previously closed at $82.04.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada raised First Trust Switzerland AlphaDEX Fund to a “hold” rating in a research note on Tuesday, April 28th. One investment analyst has rated the stock with a Moderate Buy rating, According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $81.97.

First Trust Switzerland AlphaDEX Fund Trading Up 0.5%

The stock has a market cap of $40.98 million, a P/E ratio of 21.38 and a beta of 0.77. The stock’s fifty day moving average price is $81.54 and its 200 day moving average price is $81.46.

Hedge Funds Weigh In On First Trust Switzerland AlphaDEX Fund

Large investors have recently modified their holdings of the stock. Advisory Services Network LLC bought a new position in First Trust Switzerland AlphaDEX Fund in the 3rd quarter worth about $59,000. Royal Bank of Canada increased its stake in First Trust Switzerland AlphaDEX Fund by 35.3% during the 4th quarter. Royal Bank of Canada now owns 959 shares of the company’s stock valued at $77,000 after purchasing an additional 250 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in First Trust Switzerland AlphaDEX Fund in the fourth quarter worth about $161,000. Hyposwiss Advisors SA purchased a new position in First Trust Switzerland AlphaDEX Fund in the fourth quarter worth about $234,000. Finally, BFI Infinity Ltd. lifted its stake in shares of First Trust Switzerland AlphaDEX Fund by 200.0% in the fourth quarter. BFI Infinity Ltd. now owns 3,300 shares of the company’s stock worth $266,000 after buying an additional 6,600 shares in the last quarter.

First Trust Switzerland AlphaDEX Fund Company Profile

The First Trust Switzerland AlphaDEX Fund (FSZ) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Switzerland index. The fund tracks a tiered, equal-weighted index of 40 Swiss companies selected from the NASDAQ Switzerland Index. It aims to outperform the broader market using a quant-based methodology. FSZ was launched on Feb 14, 2012 and is managed by First Trust.