First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ) Shares Down 0.2%

Shares of First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ) fell 0.2% during mid-day trading on Wednesday . The stock traded as low as $64.00 and last traded at $64.09. 21,123 shares traded hands during mid-day trading, a decline of 44% from the average session volume of 37,832 shares. The stock had previously closed at $64.23.

First Trust Materials AlphaDEX Fund Stock Performance

The firm has a market cap of $391.01 million, a P/E ratio of 9.32 and a beta of 1.04. The stock’s 50-day moving average is $64.51 and its 200 day moving average is $66.87.

Hedge Funds Weigh In On First Trust Materials AlphaDEX Fund

Institutional investors have recently modified their holdings of the business. Janney Montgomery Scott LLC raised its holdings in First Trust Materials AlphaDEX Fund by 1.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 56,567 shares of the company’s stock worth $3,901,000 after buying an additional 629 shares during the period. UBS Group AG raised its holdings in shares of First Trust Materials AlphaDEX Fund by 30.7% during the fourth quarter. UBS Group AG now owns 210,597 shares of the company’s stock worth $14,523,000 after acquiring an additional 49,472 shares during the period. ROI Financial Advisors LLC bought a new stake in First Trust Materials AlphaDEX Fund in the 4th quarter valued at $557,000. Creekmur Asset Management LLC bought a new stake in First Trust Materials AlphaDEX Fund in the 4th quarter valued at $30,000. Finally, Willner & Heller LLC acquired a new position in First Trust Materials AlphaDEX Fund in the 4th quarter worth $461,000.

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.