First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ) Stock Price Down 0.4% – Should You Sell?

First Trust Materials AlphaDEX Fund (NYSEARCA:FXZGet Free Report)’s share price traded down 0.4% on Monday . The stock traded as low as $77.96 and last traded at $78.20. 27,279 shares changed hands during mid-day trading, a decline of 50% from the average session volume of 54,414 shares. The stock had previously closed at $78.52.

First Trust Materials AlphaDEX Fund Stock Performance

The company has a 50 day moving average of $77.66 and a two-hundred day moving average of $71.86. The stock has a market cap of $376.32 million, a PE ratio of 17.24 and a beta of 1.02.

Institutional Investors Weigh In On First Trust Materials AlphaDEX Fund

Several large investors have recently bought and sold shares of the company. Bank of America Corp DE increased its stake in First Trust Materials AlphaDEX Fund by 277.6% during the 1st quarter. Bank of America Corp DE now owns 385,160 shares of the company’s stock worth $29,353,000 after buying an additional 283,145 shares in the last quarter. Ameriprise Financial Inc. increased its stake in First Trust Materials AlphaDEX Fund by 15.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 124,960 shares of the company’s stock worth $7,662,000 after buying an additional 16,382 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in First Trust Materials AlphaDEX Fund by 4.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 73,991 shares of the company’s stock worth $5,131,000 after buying an additional 2,853 shares in the last quarter. Royal Bank of Canada increased its stake in First Trust Materials AlphaDEX Fund by 31.2% during the 1st quarter. Royal Bank of Canada now owns 66,097 shares of the company’s stock worth $3,665,000 after buying an additional 15,706 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in shares of First Trust Materials AlphaDEX Fund by 16.9% in the third quarter. Envestnet Asset Management Inc. now owns 64,302 shares of the company’s stock worth $3,960,000 after buying an additional 9,298 shares in the last quarter.

About First Trust Materials AlphaDEX Fund

(Get Free Report)

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.

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