First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) Stock Price Up 0.8% – Here’s Why

First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) shot up 0.8% during trading on Thursday . The company traded as high as $23.56 and last traded at $23.52. Approximately 280,978 shares were traded during trading, a decline of 78% from the average daily volume of 1,291,987 shares. The stock had previously closed at $23.34.

First Trust Energy AlphaDEX Fund Stock Performance

The company has a market cap of $399.94 million, a PE ratio of 10.63 and a beta of 0.55. The company has a 50 day simple moving average of $22.72 and a two-hundred day simple moving average of $21.82.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in FXN. First Trust Advisors LP acquired a new stake in shares of First Trust Energy AlphaDEX Fund during the 1st quarter valued at $672,402,000. NewEdge Advisors LLC increased its stake in shares of First Trust Energy AlphaDEX Fund by 1,886.8% in the first quarter. NewEdge Advisors LLC now owns 684,027 shares of the company’s stock worth $15,363,000 after acquiring an additional 649,599 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of First Trust Energy AlphaDEX Fund by 39.0% during the first quarter. Bank of America Corp DE now owns 564,138 shares of the company’s stock worth $12,671,000 after acquiring an additional 158,356 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of First Trust Energy AlphaDEX Fund by 131.2% during the first quarter. Royal Bank of Canada now owns 325,290 shares of the company’s stock worth $7,306,000 after acquiring an additional 184,619 shares in the last quarter. Finally, D.A. Davidson & CO. raised its holdings in shares of First Trust Energy AlphaDEX Fund by 2,201.2% during the first quarter. D.A. Davidson & CO. now owns 251,057 shares of the company’s stock worth $5,639,000 after acquiring an additional 240,147 shares in 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.