First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ) Trading 0.2% Higher – Here’s Why

First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ) rose 0.2% during trading on Tuesday . The stock traded as high as $61.48 and last traded at $61.27. Approximately 19,949 shares changed hands during mid-day trading, a decline of 28% from the average daily volume of 27,800 shares. The stock had previously closed at $61.13.

First Trust Materials AlphaDEX Fund Price Performance

The firm’s 50 day moving average is $58.88 and its 200 day moving average is $56.27. The company has a market capitalization of $226.70 million, a PE ratio of 17.24 and a beta of 1.26.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Bellwether Advisors LLC purchased a new position in shares of First Trust Materials AlphaDEX Fund in the fourth quarter worth $26,000. Ameriflex Group Inc. purchased a new position in shares of First Trust Materials AlphaDEX Fund in the fourth quarter worth $29,000. Aptus Capital Advisors LLC purchased a new position in shares of First Trust Materials AlphaDEX Fund in the fourth quarter worth $39,000. Motco purchased a new position in shares of First Trust Materials AlphaDEX Fund in the second quarter worth $43,000. Finally, EP Wealth Advisors LLC purchased a new position in shares of First Trust Materials AlphaDEX Fund in the fourth quarter worth $124,000.

About First Trust Materials AlphaDEX Fund

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.