First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) Trading Up 0.6% – What’s Next?

First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) was up 0.6% during mid-day trading on Monday . The company traded as high as $22.03 and last traded at $21.85. Approximately 988,645 shares were traded during mid-day trading, an increase of 27% from the average daily volume of 777,115 shares. The stock had previously closed at $21.73.

First Trust Energy AlphaDEX Fund Price Performance

The stock’s 50-day moving average price is $19.32 and its 200 day moving average price is $17.38. The firm has a market cap of $324.47 million, a P/E ratio of 10.63 and a beta of 0.88.

Institutional Investors Weigh In On First Trust Energy AlphaDEX Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FXN. Goldman Sachs Group Inc. boosted its stake in shares of First Trust Energy AlphaDEX Fund by 2.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 105,304 shares of the company’s stock worth $1,740,000 after buying an additional 2,686 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in First Trust Energy AlphaDEX Fund by 10.7% during the second quarter. Envestnet Asset Management Inc. now owns 47,953 shares of the company’s stock worth $728,000 after acquiring an additional 4,643 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in First Trust Energy AlphaDEX Fund by 3.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 24,536 shares of the company’s stock worth $372,000 after acquiring an additional 746 shares in the last quarter. Quadrature Capital Ltd boosted its position in First Trust Energy AlphaDEX Fund by 70.7% during the second quarter. Quadrature Capital Ltd now owns 144,242 shares of the company’s stock valued at $2,190,000 after purchasing an additional 59,730 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in First Trust Energy AlphaDEX Fund during the second quarter valued at approximately $1,178,000.

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.