First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) Shares Up 1.9% – Here’s What Happened

First Trust Energy AlphaDEX Fund (NYSEARCA:FXN)’s share price shot up 1.9% during mid-day trading on Monday . The company traded as high as $20.55 and last traded at $20.55. 750,177 shares changed hands during trading, a decline of 34% from the average daily volume of 1,135,099 shares. The stock had previously closed at $20.17.

First Trust Energy AlphaDEX Fund Price Performance

The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 10.63 and a beta of 0.53. The business has a fifty day moving average price of $21.52 and a two-hundred day moving average price of $19.82.

Hedge Funds Weigh In On First Trust Energy AlphaDEX Fund

A number of institutional investors have recently modified their holdings of FXN. Silver Grove Financial Group Inc. acquired a new position in shares of First Trust Energy AlphaDEX Fund in the 4th quarter valued at $39,000. RPg Family Wealth Advisory LLC purchased a new position in First Trust Energy AlphaDEX Fund in the 4th quarter valued at about $510,000. Hilton Head Capital Partners LLC acquired a new stake in shares of First Trust Energy AlphaDEX Fund in the fourth quarter worth approximately $128,000. Kesler Norman & Wride LLC boosted its stake in First Trust Energy AlphaDEX Fund by 2.6% during the 4th quarter. Kesler Norman & Wride LLC now owns 43,224 shares of the company’s stock worth $712,000 after purchasing an additional 1,103 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. boosted its stake in First Trust Energy AlphaDEX Fund by 22.1% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 3,866 shares of the company’s stock worth $65,000 after purchasing an additional 700 shares during 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.