First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) Trading Up 1.6% – Should You Buy?

First Trust Energy AlphaDEX Fund (NYSEARCA:FXN)’s stock price shot up 1.6% during mid-day trading on Tuesday . The company traded as high as $21.68 and last traded at $21.68. 353,841 shares traded hands during trading, a decline of 77% from the average daily volume of 1,556,930 shares. The stock had previously closed at $21.33.

First Trust Energy AlphaDEX Fund Trading Down 0.2%

The firm’s fifty day moving average is $21.24 and its 200-day moving average is $20.45. The stock has a market capitalization of $397.37 million, a PE ratio of 10.63 and a beta of 0.54.

Institutional Investors Weigh In On First Trust Energy AlphaDEX Fund

A number of institutional investors and hedge funds have recently made changes to their positions in FXN. Davis Investment Partners LLC acquired a new position in First Trust Energy AlphaDEX Fund during the first quarter worth $1,312,000. Trust Co. of Oklahoma purchased a new stake in shares of First Trust Energy AlphaDEX Fund in the 1st quarter valued at $640,000. Silver Grove Financial Group Inc. acquired a new position in First Trust Energy AlphaDEX Fund during the 4th quarter worth about $39,000. RPg Family Wealth Advisory LLC purchased a new position in First Trust Energy AlphaDEX Fund during the 4th quarter valued at about $510,000. Finally, Hilton Head Capital Partners LLC acquired a new position in First Trust Energy AlphaDEX Fund in the 4th quarter valued at about $128,000.

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.