First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ) Trading Up 1.5% – Time to Buy?

First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ)’s share price traded up 1.5% during trading on Monday . The stock traded as high as $60.38 and last traded at $60.33. 22,374 shares were traded during trading, a decline of 18% from the average session volume of 27,186 shares. The stock had previously closed at $59.42.

First Trust Materials AlphaDEX Fund Stock Up 2.0%

The company has a market capitalization of $216.63 million, a PE ratio of 17.24 and a beta of 1.15. The firm has a 50-day moving average of $61.08 and a two-hundred day moving average of $59.28.

Hedge Funds Weigh In On First Trust Materials AlphaDEX Fund

Several large investors have recently made changes to their positions in the company. Motco acquired a new stake in First Trust Materials AlphaDEX Fund during the second quarter valued at $43,000. Ameritas Advisory Services LLC purchased a new stake in shares of First Trust Materials AlphaDEX Fund during the 2nd quarter worth about $135,000. AE Wealth Management LLC boosted its stake in shares of First Trust Materials AlphaDEX Fund by 9.7% during the 2nd quarter. AE Wealth Management LLC now owns 2,373 shares of the company’s stock worth $135,000 after acquiring an additional 210 shares in the last quarter. CX Institutional grew its position in shares of First Trust Materials AlphaDEX Fund by 26,611.1% during the 3rd quarter. CX Institutional now owns 2,404 shares of the company’s stock valued at $148,000 after acquiring an additional 2,395 shares during the period. Finally, Geneos Wealth Management Inc. increased its stake in shares of First Trust Materials AlphaDEX Fund by 22.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,716 shares of the company’s stock valued at $151,000 after purchasing an additional 500 shares in the last quarter.

About First Trust Materials AlphaDEX Fund

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.