First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ) Trading 1.5% Higher – Here’s Why

First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ) shares traded up 1.5% during trading on Thursday . The company traded as high as $65.02 and last traded at $64.85. 16,567 shares traded hands during trading, a decline of 53% from the average session volume of 35,606 shares. The stock had previously closed at $63.87.

First Trust Materials AlphaDEX Fund Stock Up 1.5 %

The firm has a market cap of $392.34 million, a price-to-earnings ratio of 9.32 and a beta of 1.04. The business has a 50 day moving average price of $65.71 and a 200-day moving average price of $65.87.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Cetera Investment Advisers lifted its stake in shares of First Trust Materials AlphaDEX Fund by 2,306.6% in the first quarter. Cetera Investment Advisers now owns 121,824 shares of the company’s stock worth $8,691,000 after acquiring an additional 116,762 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of First Trust Materials AlphaDEX Fund in the second quarter worth $1,415,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in First Trust Materials AlphaDEX Fund by 279.2% in the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 25,397 shares of the company’s stock valued at $1,703,000 after acquiring an additional 18,700 shares in the last quarter. Cornerstone Planning Group LLC boosted its stake in First Trust Materials AlphaDEX Fund by 8.2% during the 3rd quarter. Cornerstone Planning Group LLC now owns 134,255 shares of the company’s stock valued at $8,858,000 after acquiring an additional 10,152 shares during the last quarter. Finally, Arbor Capital Management Inc. ADV acquired a new position in First Trust Materials AlphaDEX Fund during the 2nd quarter worth $548,000.

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.