First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) Trading Up 0.3% – Here’s What Happened

Shares of First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) shot up 0.3% on Wednesday . The company traded as high as $17.16 and last traded at $17.06. 310,014 shares changed hands during mid-day trading, a decline of 21% from the average session volume of 394,795 shares. The stock had previously closed at $17.01.

First Trust Energy AlphaDEX Fund Stock Performance

The firm has a market cap of $597.10 million, a price-to-earnings ratio of 7.24 and a beta of 0.63. The business has a 50 day simple moving average of $16.98 and a 200-day simple moving average of $17.01.

Hedge Funds Weigh In On First Trust Energy AlphaDEX Fund

Several institutional investors have recently added to or reduced their stakes in FXN. Golden State Wealth Management LLC bought a new position in First Trust Energy AlphaDEX Fund in the 4th quarter worth approximately $25,000. ORG Partners LLC purchased a new position in First Trust Energy AlphaDEX Fund during the 4th quarter valued at about $33,000. Geneos Wealth Management Inc. boosted its position in shares of First Trust Energy AlphaDEX Fund by 43.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 5,291 shares of the company’s stock valued at $86,000 after acquiring an additional 1,604 shares during the period. Prospera Private Wealth LLC purchased a new position in First Trust Energy AlphaDEX Fund during the third quarter valued at approximately $88,000. Finally, Creative Financial Designs Inc. ADV lifted its stake in First Trust Energy AlphaDEX Fund by 12.9% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 6,421 shares of the company’s stock worth $104,000 after purchasing an additional 732 shares in the last quarter.

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.