First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) Shares Down 1% – Time to Sell?

Shares of First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) fell 1% during mid-day trading on Thursday . The company traded as low as $16.87 and last traded at $17.05. 977,831 shares traded hands during mid-day trading, an increase of 43% from the average session volume of 682,053 shares. The stock had previously closed at $17.23.

First Trust Energy AlphaDEX Fund Stock Up 0.1%

The stock has a 50-day moving average price of $16.66 and a 200 day moving average price of $16.16. The firm has a market capitalization of $254.19 million, a price-to-earnings ratio of 10.63 and a beta of 0.88.

Institutional Investors Weigh In On First Trust Energy AlphaDEX Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Calton & Associates Inc. acquired a new position in shares of First Trust Energy AlphaDEX Fund during the 3rd quarter worth about $172,000. Envestnet Asset Management Inc. raised its position in shares of First Trust Energy AlphaDEX Fund by 6.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 51,112 shares of the company’s stock worth $833,000 after acquiring an additional 3,159 shares in the last quarter. US Bancorp DE lifted its stake in First Trust Energy AlphaDEX Fund by 33,603.1% during the third quarter. US Bancorp DE now owns 53,925 shares of the company’s stock worth $879,000 after purchasing an additional 53,765 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in First Trust Energy AlphaDEX Fund in the third quarter valued at approximately $70,000. Finally, Susquehanna International Group LLP boosted its holdings in First Trust Energy AlphaDEX Fund by 125.7% in the third quarter. Susquehanna International Group LLP now owns 27,579 shares of the company’s stock valued at $450,000 after purchasing an additional 15,362 shares in the last quarter.

About First Trust Energy AlphaDEX Fund

The First Trust Energy AlphaDEX Fund (FXN) is an exchange-traded fund that is based on the StrataQuant Energy index. The fund tracks an index of large- and mid-cap US energy stocks. The underlying index uses multi-factor selection and tiered equal-weighting. FXN was launched on May 8, 2007 and is managed by First Trust.