First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) Trading Up 0.8% – Should You Buy?

First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) traded up 0.8% during mid-day trading on Wednesday . The stock traded as high as $17.58 and last traded at $17.37. 212,653 shares changed hands during trading, a decline of 41% from the average session volume of 360,980 shares. The stock had previously closed at $17.23.

First Trust Energy AlphaDEX Fund Trading Up 0.8 %

The company has a fifty day simple moving average of $16.85 and a 200-day simple moving average of $16.88. The stock has a market cap of $607.95 million, a price-to-earnings ratio of 7.24 and a beta of 0.63.

Institutional Trading of First Trust Energy AlphaDEX Fund

Several institutional investors and hedge funds have recently bought and sold shares of FXN. Golden State Wealth Management LLC acquired a new position in shares of First Trust Energy AlphaDEX Fund in the 4th quarter valued at about $25,000. ORG Partners LLC acquired a new position in shares of First Trust Energy AlphaDEX Fund in the 4th quarter valued at about $33,000. Topsail Wealth Management LLC acquired a new position in shares of First Trust Energy AlphaDEX Fund in the 4th quarter valued at about $42,000. Geneos Wealth Management Inc. increased its holdings in shares of First Trust Energy AlphaDEX Fund by 43.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 5,291 shares of the company’s stock valued at $86,000 after purchasing an additional 1,604 shares during the period. Finally, Prospera Private Wealth LLC acquired a new position in shares of First Trust Energy AlphaDEX Fund in the 3rd quarter valued at about $88,000.

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.