First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) Stock Price Up 0.3% – Still a Buy?

First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) rose 0.3% during trading on Wednesday . The company traded as high as $17.16 and last traded at $17.06. Approximately 310,014 shares traded hands during trading, a decline of 21% from the average daily volume of 394,795 shares. The stock had previously closed at $17.01.

First Trust Energy AlphaDEX Fund Stock Performance

The company has a market cap of $597.10 million, a PE ratio of 7.24 and a beta of 0.63. The company has a fifty day moving average of $16.98 and a two-hundred day moving average of $17.01.

Institutional Investors Weigh In On First Trust Energy AlphaDEX Fund

Several large investors have recently modified their holdings of FXN. International Assets Investment Management LLC grew its stake in First Trust Energy AlphaDEX Fund by 39,553.9% during the 3rd quarter. International Assets Investment Management LLC now owns 5,862,831 shares of the company’s stock worth $102,865,000 after buying an additional 5,848,046 shares during the last quarter. Raymond James & Associates grew its stake in shares of First Trust Energy AlphaDEX Fund by 5.8% during the third quarter. Raymond James & Associates now owns 376,559 shares of the company’s stock worth $6,108,000 after acquiring an additional 20,651 shares during the last quarter. Avestar Capital LLC increased its holdings in shares of First Trust Energy AlphaDEX Fund by 6.1% during the fourth quarter. Avestar Capital LLC now owns 362,115 shares of the company’s stock valued at $5,917,000 after acquiring an additional 20,722 shares in the last quarter. PCG Wealth Advisors LLC raised its position in shares of First Trust Energy AlphaDEX Fund by 10.5% in the 4th quarter. PCG Wealth Advisors LLC now owns 320,815 shares of the company’s stock valued at $5,242,000 after purchasing an additional 30,500 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in First Trust Energy AlphaDEX Fund by 298,695.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 248,000 shares of the company’s stock worth $4,023,000 after purchasing an additional 247,917 shares in 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.