First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ) Stock Price Up 0.1% – Here’s What Happened

Posted by Stacy Sanders on Nov 1st, 2024

First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ – Get Free Report)’s stock price rose 0.1% on Wednesday . The stock traded as high as $66.90 and last traded at $66.03. Approximately 28,371 shares changed hands during mid-day trading, a decline of 21% from the average daily volume of 35,913 shares. The stock had previously closed at $65.98.

First Trust Materials AlphaDEX Fund Trading Up 0.1 %

The firm has a market capitalization of $395.97 million, a price-to-earnings ratio of 9.32 and a beta of 1.04. The stock’s 50-day moving average is $65.38 and its 200-day moving average is $66.18.

Institutional Investors Weigh In On First Trust Materials AlphaDEX Fund

A number of institutional investors have recently added to or reduced their stakes in the business. Zions Bancorporation N.A. bought a new stake in shares of First Trust Materials AlphaDEX Fund in the 2nd quarter valued at about $60,000. CoreCap Advisors LLC bought a new stake in First Trust Materials AlphaDEX Fund in the second quarter valued at approximately $425,000. Arbor Capital Management Inc. ADV acquired a new stake in First Trust Materials AlphaDEX Fund during the 2nd quarter valued at approximately $548,000. Harbour Investments Inc. raised its holdings in First Trust Materials AlphaDEX Fund by 5.8% during the 2nd quarter. Harbour Investments Inc. now owns 24,379 shares of the company’s stock worth $1,580,000 after purchasing an additional 1,342 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. bought a new position in First Trust Materials AlphaDEX Fund during the 2nd quarter worth approximately $273,000.

First Trust Materials AlphaDEX Fund Company Profile

(Get Free Report)

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.