First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) Trading Up 1.9% – Still a Buy?

First Trust Energy AlphaDEX Fund (NYSEARCA:FXN)’s share price traded up 1.9% during mid-day trading on Monday . The company traded as high as $20.55 and last traded at $20.55. Approximately 750,177 shares were traded during mid-day trading, a decline of 34% from the average session volume of 1,135,099 shares. The stock had previously closed at $20.17.

First Trust Energy AlphaDEX Fund Price Performance

The company has a 50 day moving average price of $21.52 and a 200-day moving average price of $19.82. The stock has a market capitalization of $1.10 billion, a PE ratio of 10.63 and a beta of 0.53.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in First Trust Energy AlphaDEX Fund in the fourth quarter worth $28,000. AlphaCore Capital LLC bought a new stake in shares of First Trust Energy AlphaDEX Fund in the 4th quarter worth $31,000. Sound Income Strategies LLC bought a new stake in shares of First Trust Energy AlphaDEX Fund in the 4th quarter worth $40,000. Silver Grove Financial Group Inc. purchased a new position in shares of First Trust Energy AlphaDEX Fund in the fourth quarter worth $39,000. Finally, Merkkuri Wealth Advisors LLC purchased a new position in shares of First Trust Energy AlphaDEX Fund in the first quarter worth $87,000.

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.