First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ) Shares Down 0.2% – Here’s Why

First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ) shares fell 0.2% during mid-day trading on Wednesday . The company traded as low as $50.37 and last traded at $50.80. 56,627 shares changed hands during mid-day trading, an increase of 66% from the average session volume of 34,206 shares. The stock had previously closed at $50.91.

First Trust Materials AlphaDEX Fund Trading Up 0.7 %

The company has a market cap of $212.23 million, a price-to-earnings ratio of 13.32 and a beta of 1.17. The business’s 50 day moving average price is $55.30 and its 200-day moving average price is $59.89.

Hedge Funds Weigh In On First Trust Materials AlphaDEX Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC grew its position in First Trust Materials AlphaDEX Fund by 1,058.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 64,238 shares of the company’s stock worth $3,562,000 after buying an additional 58,695 shares in the last quarter. CX Institutional acquired a new stake in shares of First Trust Materials AlphaDEX Fund during the 1st quarter worth $412,000. Farther Finance Advisors LLC grew its holdings in shares of First Trust Materials AlphaDEX Fund by 118.2% during the 1st quarter. Farther Finance Advisors LLC now owns 8,519 shares of the company’s stock worth $470,000 after purchasing an additional 4,614 shares in the last quarter. HBW Advisory Services LLC bought a new position in shares of First Trust Materials AlphaDEX Fund in the first quarter worth $890,000. Finally, NBC Securities Inc. raised its stake in First Trust Materials AlphaDEX Fund by 59,316.7% in the first quarter. NBC Securities Inc. now owns 3,565 shares of the company’s stock valued at $197,000 after purchasing an additional 3,559 shares in the last quarter.

First Trust Materials AlphaDEX Fund Company Profile

The First Trust Materials AlphaDEX Fund (FXZ) is an exchange-traded fund that is based on the StrataQuant Materials index. The fund tracks a tiered, equal-weighted index of large- and mid-cap basic materials firms in the US. Holdings are selected and weighted based on growth and value metrics. FXZ was launched on May 8, 2007 and is managed by First Trust.