First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) Sees Strong Trading Volume – Here’s What Happened

First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) shares saw an uptick in trading volume on Thursday . 2,329,451 shares traded hands during mid-day trading, an increase of 103% from the previous session’s volume of 1,146,597 shares.The stock last traded at $20.3560 and had previously closed at $20.28.

First Trust Energy AlphaDEX Fund Trading Down 0.5%

The company has a fifty day simple moving average of $21.47 and a 200-day simple moving average of $19.89. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 10.63 and a beta of 0.53.

Institutional Investors Weigh In On First Trust Energy AlphaDEX Fund

Large investors have recently made changes to their positions in the company. Hazlett Burt & Watson Inc. raised 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 valued at $65,000 after purchasing an additional 700 shares during the period. Sanctuary Advisors LLC boosted its position in shares of First Trust Energy AlphaDEX Fund by 3.1% in the first quarter. Sanctuary Advisors LLC now owns 34,154 shares of the company’s stock worth $767,000 after buying an additional 1,023 shares during the period. Kesler Norman & Wride LLC grew its holdings in shares of First Trust Energy AlphaDEX Fund by 2.6% during the fourth quarter. Kesler Norman & Wride LLC now owns 43,224 shares of the company’s stock valued at $712,000 after buying an additional 1,103 shares in the last quarter. Centaurus Financial Inc. grew its holdings in shares of First Trust Energy AlphaDEX Fund by 4.3% during the first quarter. Centaurus Financial Inc. now owns 28,426 shares of the company’s stock valued at $638,000 after buying an additional 1,159 shares in the last quarter. Finally, Sound Income Strategies LLC raised its position in First Trust Energy AlphaDEX Fund by 53.4% during the first quarter. Sound Income Strategies LLC now owns 3,575 shares of the company’s stock valued at $78,000 after buying an additional 1,244 shares during the period.

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.