First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) Stock Price Up 0.8% – Should You Buy?

Shares of First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) were up 0.8% during mid-day trading on Thursday . The company traded as high as $23.56 and last traded at $23.52. Approximately 280,978 shares were traded during mid-day trading, a decline of 78% from the average session volume of 1,291,987 shares. The stock had previously closed at $23.34.

First Trust Energy AlphaDEX Fund Trading Up 0.8%

The stock has a market cap of $403.37 million, a PE ratio of 10.63 and a beta of 0.55. The company’s 50 day moving average is $22.67 and its 200-day moving average is $21.81.

Institutional Investors Weigh In On First Trust Energy AlphaDEX Fund

Hedge funds and other institutional investors have recently bought and sold shares of the business. First Trust Advisors LP bought a new position in shares of First Trust Energy AlphaDEX Fund in the 1st quarter worth about $672,402,000. NewEdge Advisors LLC raised its stake in First Trust Energy AlphaDEX Fund by 1,886.8% during the first quarter. NewEdge Advisors LLC now owns 684,027 shares of the company’s stock worth $15,363,000 after acquiring an additional 649,599 shares during the period. D.A. Davidson & CO. raised its stake in First Trust Energy AlphaDEX Fund by 2,201.2% during the first quarter. D.A. Davidson & CO. now owns 251,057 shares of the company’s stock worth $5,639,000 after acquiring an additional 240,147 shares during the period. Royal Bank of Canada lifted its holdings in First Trust Energy AlphaDEX Fund by 131.2% in the first quarter. Royal Bank of Canada now owns 325,290 shares of the company’s stock worth $7,306,000 after acquiring an additional 184,619 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in First Trust Energy AlphaDEX Fund by 39.0% in the first quarter. Bank of America Corp DE now owns 564,138 shares of the company’s stock worth $12,671,000 after acquiring an additional 158,356 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.