First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ) Stock Price Up 0.7% – Here’s What Happened

First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ)’s stock price traded up 0.7% during trading on Monday . The stock traded as high as $75.53 and last traded at $75.12. 25,868 shares were traded during trading, a decline of 50% from the average session volume of 51,306 shares. The stock had previously closed at $74.59.

First Trust Materials AlphaDEX Fund Stock Performance

The stock has a market cap of $299.61 million, a PE ratio of 17.24 and a beta of 1.15. The stock has a fifty day simple moving average of $74.28 and a two-hundred day simple moving average of $66.35.

Hedge Funds Weigh In On First Trust Materials AlphaDEX Fund

Institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada grew its stake in shares of First Trust Materials AlphaDEX Fund by 31.2% during the first quarter. Royal Bank of Canada now owns 66,097 shares of the company’s stock valued at $3,665,000 after acquiring an additional 15,706 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in shares of First Trust Materials AlphaDEX Fund by 141.8% in the first quarter. Jones Financial Companies Lllp now owns 7,415 shares of the company’s stock worth $411,000 after acquiring an additional 4,348 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in First Trust Materials AlphaDEX Fund by 7.6% in the second quarter. Envestnet Asset Management Inc. now owns 55,004 shares of the company’s stock valued at $3,132,000 after purchasing an additional 3,902 shares during the last quarter. AE Wealth Management LLC boosted its holdings in First Trust Materials AlphaDEX Fund by 9.7% in the second quarter. AE Wealth Management LLC now owns 2,373 shares of the company’s stock valued at $135,000 after purchasing an additional 210 shares during the last quarter. Finally, Cetera Investment Advisers grew its stake in First Trust Materials AlphaDEX Fund by 2.5% during the 2nd quarter. Cetera Investment Advisers now owns 92,316 shares of the company’s stock valued at $5,257,000 after purchasing an additional 2,255 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.