First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ) Stock Price Down 0.2% – Here’s What Happened

First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ)’s share price dropped 0.2% on Monday . The stock traded as low as $61.14 and last traded at $61.32. Approximately 11,207 shares were traded during mid-day trading, a decline of 59% from the average daily volume of 27,598 shares. The stock had previously closed at $61.44.

First Trust Materials AlphaDEX Fund Stock Down 0.2%

The company has a 50 day moving average of $60.39 and a two-hundred day moving average of $56.93. The firm has a market cap of $226.88 million, a P/E ratio of 17.24 and a beta of 1.26.

Hedge Funds Weigh In On First Trust Materials AlphaDEX Fund

Hedge funds have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC bought a new stake in First Trust Materials AlphaDEX Fund during the fourth quarter worth approximately $315,000. NBC Securities Inc. lifted its position in shares of First Trust Materials AlphaDEX Fund by 59,316.7% during the 1st quarter. NBC Securities Inc. now owns 3,565 shares of the company’s stock valued at $197,000 after acquiring an additional 3,559 shares during the last quarter. HBW Advisory Services LLC acquired a new stake in shares of First Trust Materials AlphaDEX Fund during the 1st quarter valued at $890,000. Farther Finance Advisors LLC boosted its stake in shares of First Trust Materials AlphaDEX Fund by 118.2% during the 1st quarter. Farther Finance Advisors LLC now owns 8,519 shares of the company’s stock worth $470,000 after acquiring an additional 4,614 shares in the last quarter. Finally, CX Institutional acquired a new position in shares of First Trust Materials AlphaDEX Fund in the 1st quarter worth $412,000.

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.