First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) Shares Up 1.1% – Time to Buy?

First Trust Energy AlphaDEX Fund (NYSEARCA:FXN)’s share price traded up 1.1% during trading on Tuesday . The stock traded as high as $22.79 and last traded at $22.75. 296,550 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 1,439,398 shares. The stock had previously closed at $22.50.

First Trust Energy AlphaDEX Fund Stock Performance

The firm has a market cap of $390.16 million, a price-to-earnings ratio of 10.63 and a beta of 0.54. The business’s 50 day moving average price is $21.16 and its 200 day moving average price is $20.93.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Trust Advisors LP acquired a new position in shares of First Trust Energy AlphaDEX Fund in the first quarter worth about $672,402,000. NewEdge Advisors LLC grew its position in shares of First Trust Energy AlphaDEX Fund by 1,886.8% during the 1st quarter. NewEdge Advisors LLC now owns 684,027 shares of the company’s stock valued at $15,363,000 after acquiring an additional 649,599 shares during the period. BNP Paribas Financial Markets increased its stake in shares of First Trust Energy AlphaDEX Fund by 543.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 651,200 shares of the company’s stock valued at $9,885,000 after purchasing an additional 550,000 shares in the last quarter. Bank of America Corp DE increased its stake in shares of First Trust Energy AlphaDEX Fund by 39.0% in the 1st quarter. Bank of America Corp DE now owns 564,138 shares of the company’s stock valued at $12,671,000 after purchasing an additional 158,356 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in First Trust Energy AlphaDEX Fund by 131.2% in the 1st quarter. Royal Bank of Canada now owns 325,290 shares of the company’s stock worth $7,306,000 after purchasing an additional 184,619 shares during the period.

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.