First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ) Shares Up 1.5% – Should You Buy?

First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ)’s stock price shot up 1.5% during trading on Monday . The company traded as high as $60.38 and last traded at $60.33. 22,374 shares changed hands during trading, a decline of 18% from the average session volume of 27,186 shares. The stock had previously closed at $59.42.

First Trust Materials AlphaDEX Fund Stock Performance

The company’s 50-day simple moving average is $61.08 and its two-hundred day simple moving average is $59.20. The firm has a market cap of $208.14 million, a PE ratio of 17.24 and a beta of 1.15.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Private Advisor Group LLC grew its position in shares of First Trust Materials AlphaDEX Fund by 11.8% in the 1st quarter. Private Advisor Group LLC now owns 17,628 shares of the company’s stock worth $978,000 after buying an additional 1,857 shares during the last quarter. Cetera Investment Advisers boosted its stake in First Trust Materials AlphaDEX Fund by 2.9% during the first quarter. Cetera Investment Advisers now owns 90,061 shares of the company’s stock worth $4,994,000 after acquiring an additional 2,530 shares in the last quarter. Harbour Investments Inc. increased its stake in shares of First Trust Materials AlphaDEX Fund by 6.1% during the first quarter. Harbour Investments Inc. now owns 22,781 shares of the company’s stock valued at $1,263,000 after purchasing an additional 1,315 shares in the last quarter. Royal Bank of Canada boosted its position in shares of First Trust Materials AlphaDEX Fund by 31.2% during the first quarter. Royal Bank of Canada now owns 66,097 shares of the company’s stock valued at $3,665,000 after buying an additional 15,706 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its position in First Trust Materials AlphaDEX Fund by 141.8% in the 1st quarter. Jones Financial Companies Lllp now owns 7,415 shares of the company’s stock worth $411,000 after buying an additional 4,348 shares during the last quarter.

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.