First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) Stock Passes Above 200-Day Moving Average – Here’s What Happened

First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $17.46 and traded as high as $17.86. First Trust Energy AlphaDEX Fund shares last traded at $17.65, with a volume of 192,982 shares trading hands.

First Trust Energy AlphaDEX Fund Price Performance

The company has a market capitalization of $620.90 million, a P/E ratio of 7.24 and a beta of 0.63. The stock’s 50 day moving average is $16.90 and its 200-day moving average is $17.46.

Institutional Investors Weigh In On First Trust Energy AlphaDEX Fund

Several hedge funds have recently bought and sold shares of FXN. RPg Family Wealth Advisory LLC boosted its stake in First Trust Energy AlphaDEX Fund by 8.9% in the 2nd quarter. RPg Family Wealth Advisory LLC now owns 24,527 shares of the company’s stock worth $446,000 after purchasing an additional 2,001 shares in the last quarter. LPL Financial LLC lifted its stake in shares of First Trust Energy AlphaDEX Fund by 5.6% in the second quarter. LPL Financial LLC now owns 2,452,840 shares of the company’s stock worth $44,642,000 after buying an additional 129,603 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of First Trust Energy AlphaDEX Fund during the second quarter valued at approximately $54,000. Commonwealth Equity Services LLC increased its position in shares of First Trust Energy AlphaDEX Fund by 2.8% during the second quarter. Commonwealth Equity Services LLC now owns 301,007 shares of the company’s stock valued at $5,478,000 after acquiring an additional 8,087 shares in the last quarter. Finally, TAP Consulting LLC raised its holdings in First Trust Energy AlphaDEX Fund by 10.0% in the 2nd quarter. TAP Consulting LLC now owns 132,409 shares of the company’s stock worth $2,410,000 after acquiring an additional 11,988 shares during the last quarter.

First Trust Energy AlphaDEX Fund Company Profile

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.