Shares of First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ – Get Free Report) were up 2.7% during mid-day trading on Tuesday . The stock traded as high as $69.42 and last traded at $69.35. Approximately 19,696 shares changed hands during trading, a decline of 70% from the average daily volume of 64,899 shares. The stock had previously closed at $67.52.
First Trust Materials AlphaDEX Fund Trading Up 2.7%
The company has a market cap of $225.39 million, a PE ratio of 17.24 and a beta of 1.15. The firm has a 50 day moving average of $62.74 and a two-hundred day moving average of $61.22.
Hedge Funds Weigh In On First Trust Materials AlphaDEX Fund
Several institutional investors and hedge funds have recently modified their holdings of FXZ. Motco bought a new position in First Trust Materials AlphaDEX Fund in the 2nd quarter worth about $43,000. AE Wealth Management LLC grew its holdings in shares of First Trust Materials AlphaDEX Fund by 9.7% during the second quarter. AE Wealth Management LLC now owns 2,373 shares of the company’s stock valued at $135,000 after buying an additional 210 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of First Trust Materials AlphaDEX Fund during the second quarter valued at approximately $135,000. CX Institutional increased its position in shares of First Trust Materials AlphaDEX Fund by 26,611.1% during the third quarter. CX Institutional now owns 2,404 shares of the company’s stock valued at $148,000 after acquiring an additional 2,395 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in First Trust Materials AlphaDEX Fund by 22.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,716 shares of the company’s stock worth $151,000 after acquiring an additional 500 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.
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