First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ) Shares Up 0.2% – What’s Next?

First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ) shares shot up 0.2% on Tuesday . The stock traded as high as $74.27 and last traded at $74.22. 38,524 shares were traded during mid-day trading, a decline of 7% from the average session volume of 41,207 shares. The stock had previously closed at $74.06.

First Trust Materials AlphaDEX Fund Stock Performance

The firm has a market cap of $256.06 million, a P/E ratio of 17.24 and a beta of 1.15. The firm’s fifty day moving average is $66.39 and its 200 day moving average is $62.66.

Institutional Trading of First Trust Materials AlphaDEX Fund

Several hedge funds have recently added to or reduced their stakes in the company. Motco acquired a new position in First Trust Materials AlphaDEX Fund in the 2nd quarter valued at $43,000. Ameritas Advisory Services LLC bought a new stake in shares of First Trust Materials AlphaDEX Fund in the second quarter valued at about $135,000. AE Wealth Management LLC grew its stake in shares of First Trust Materials AlphaDEX Fund by 9.7% in the second quarter. AE Wealth Management LLC now owns 2,373 shares of the company’s stock valued at $135,000 after acquiring an additional 210 shares in the last quarter. CX Institutional increased its position in First Trust Materials AlphaDEX Fund by 26,611.1% during the third quarter. CX Institutional now owns 2,404 shares of the company’s stock worth $148,000 after acquiring an additional 2,395 shares during the period. Finally, CWM LLC increased its position in First Trust Materials AlphaDEX Fund by 62.0% during the third quarter. CWM LLC now owns 3,095 shares of the company’s stock worth $191,000 after acquiring an additional 1,184 shares during the period.

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.