First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) Shares Up 1.9% – Still a Buy?

First Trust Energy AlphaDEX Fund (NYSEARCA:FXNGet Free Report) was up 1.9% during trading on Monday . The company traded as high as $20.55 and last traded at $20.55. Approximately 750,177 shares changed hands during mid-day 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 Stock Down 1.4%

The stock has a fifty day moving average price of $21.51 and a two-hundred day moving average price of $19.85. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 10.63 and a beta of 0.53.

Institutional Trading of First Trust Energy AlphaDEX Fund

Several hedge funds and other institutional investors have recently bought and sold shares of FXN. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of First Trust Energy AlphaDEX Fund during the 4th quarter worth approximately $28,000. AlphaCore Capital LLC acquired a new stake in shares of First Trust Energy AlphaDEX Fund in the fourth quarter valued at approximately $31,000. Silver Grove Financial Group Inc. bought a new stake in shares of First Trust Energy AlphaDEX Fund in the fourth quarter valued at approximately $39,000. Sound Income Strategies LLC bought a new stake in shares of First Trust Energy AlphaDEX Fund in the fourth quarter valued at approximately $40,000. Finally, Hazlett Burt & Watson Inc. grew its position in First Trust Energy AlphaDEX Fund by 22.1% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 3,866 shares of the company’s stock worth $65,000 after buying an additional 700 shares in the last quarter.

First Trust Energy AlphaDEX Fund Company Profile

(Get Free Report)

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.

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