First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) Trading Down 1.5%

Shares of First Trust Energy AlphaDEX Fund (NYSEARCA:FXNGet Rating) dropped 1.5% during mid-day trading on Wednesday . The stock traded as low as $16.32 and last traded at $16.66. Approximately 1,529,294 shares were traded during trading, a decline of 29% from the average daily volume of 2,141,405 shares. The stock had previously closed at $16.91.

The company’s 50 day moving average price is $16.50 and its 200-day moving average price is $14.65.

Several hedge funds have recently modified their holdings of FXN. First Trust Advisors LP purchased a new stake in shares of First Trust Energy AlphaDEX Fund during the 1st quarter worth approximately $607,723,000. Raymond James Financial Services Advisors Inc. grew its stake in First Trust Energy AlphaDEX Fund by 470.0% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 2,983,724 shares of the company’s stock valued at $47,531,000 after buying an additional 2,460,257 shares in the last quarter. Wells Fargo & Company MN grew its stake in First Trust Energy AlphaDEX Fund by 137.8% in the 4th quarter. Wells Fargo & Company MN now owns 4,243,871 shares of the company’s stock valued at $50,587,000 after buying an additional 2,459,364 shares in the last quarter. NewSquare Capital LLC purchased a new position in First Trust Energy AlphaDEX Fund in the 1st quarter valued at approximately $18,305,000. Finally, O Dell Group LLC grew its stake in First Trust Energy AlphaDEX Fund by 20,762.5% in the 1st quarter. O Dell Group LLC now owns 897,505 shares of the company’s stock valued at $14,297,000 after buying an additional 893,203 shares in the last quarter.

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