First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ) Trading Down 0.9% – Should You Sell?

Shares of First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ) dropped 0.9% during trading on Wednesday . The stock traded as low as $52.08 and last traded at $52.32. Approximately 14,432 shares were traded during trading, a decline of 56% from the average daily volume of 32,589 shares. The stock had previously closed at $52.81.

First Trust Materials AlphaDEX Fund Price Performance

The stock has a 50 day moving average price of $53.58 and a two-hundred day moving average price of $58.54. The company has a market capitalization of $206.66 million, a price-to-earnings ratio of 16.89 and a beta of 1.17.

Hedge Funds Weigh In On First Trust Materials AlphaDEX Fund

Institutional investors have recently modified their holdings of the stock. Bellwether Advisors LLC acquired a new position in shares of First Trust Materials AlphaDEX Fund during the fourth quarter valued at $26,000. Ameriflex Group Inc. bought a new position in shares of First Trust Materials AlphaDEX Fund in the 4th quarter valued at about $29,000. Aptus Capital Advisors LLC bought a new position in shares of First Trust Materials AlphaDEX Fund in the 4th quarter valued at about $39,000. Blue Trust Inc. acquired a new stake in shares of First Trust Materials AlphaDEX Fund during the 4th quarter worth approximately $48,000. Finally, Global Retirement Partners LLC raised its stake in shares of First Trust Materials AlphaDEX Fund by 881.6% during the fourth quarter. Global Retirement Partners LLC now owns 854 shares of the company’s stock worth $48,000 after buying an additional 767 shares during the last quarter.

First Trust Materials AlphaDEX Fund Company Profile

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.