First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ) Trading Down 0.3%

Shares of First Trust Materials AlphaDEX Fund (NYSEARCA:FXZGet Rating) dropped 0.3% during trading on Wednesday . The company traded as low as $61.12 and last traded at $62.30. Approximately 324,588 shares were traded during trading, a decline of 27% from the average daily volume of 445,221 shares. The stock had previously closed at $62.50.

The stock’s fifty day simple moving average is $69.55 and its 200 day simple moving average is $65.67.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. First Trust Advisors LP purchased a new stake in shares of First Trust Materials AlphaDEX Fund in the first quarter worth $655,316,000. Morgan Stanley increased its stake in shares of First Trust Materials AlphaDEX Fund by 34.4% in the second quarter. Morgan Stanley now owns 963,896 shares of the company’s stock worth $55,414,000 after purchasing an additional 246,897 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of First Trust Materials AlphaDEX Fund by 21.8% in the fourth quarter. Wells Fargo & Company MN now owns 908,186 shares of the company’s stock worth $56,452,000 after purchasing an additional 162,569 shares in the last quarter. Bank of America Corp DE increased its stake in shares of First Trust Materials AlphaDEX Fund by 46.6% in the first quarter. Bank of America Corp DE now owns 658,730 shares of the company’s stock worth $47,185,000 after purchasing an additional 209,394 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its stake in First Trust Materials AlphaDEX Fund by 231.2% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 618,390 shares of the company’s stock valued at $44,296,000 after acquiring an additional 431,666 shares in the last quarter.

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