First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ) Trading Down 0.6%

First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ – Get Rating)’s share price was down 0.6% during trading on Friday . The company traded as low as $61.03 and last traded at $61.17. Approximately 236,868 shares were traded during mid-day trading, an increase of 17% from the average daily volume of 202,628 shares. The stock had previously closed at $61.53.

First Trust Materials AlphaDEX Fund Price Performance

The firm has a market capitalization of $1.62 billion, a P/E ratio of 4.95 and a beta of 1.26. The stock’s fifty day simple moving average is $62.97 and its 200 day simple moving average is $64.44.

Hedge Funds Weigh In On First Trust Materials AlphaDEX Fund

Large investors have recently added to or reduced their stakes in the company. Private Advisor Group LLC increased its holdings in shares of First Trust Materials AlphaDEX Fund by 19.6% during the first quarter. Private Advisor Group LLC now owns 9,973 shares of the company’s stock valued at $714,000 after acquiring an additional 1,633 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of First Trust Materials AlphaDEX Fund by 5.9% during the first quarter. PNC Financial Services Group Inc. now owns 6,192 shares of the company’s stock valued at $444,000 after acquiring an additional 344 shares in the last quarter. Baird Financial Group Inc. increased its holdings in shares of First Trust Materials AlphaDEX Fund by 134.0% during the first quarter. Baird Financial Group Inc. now owns 233,064 shares of the company’s stock valued at $16,694,000 after acquiring an additional 133,479 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of First Trust Materials AlphaDEX Fund by 3,144.9% during the first quarter. NewEdge Advisors LLC now owns 197,908 shares of the company’s stock valued at $14,176,000 after acquiring an additional 191,809 shares in the last quarter. Finally, Equitable Holdings Inc. increased its holdings in shares of First Trust Materials AlphaDEX Fund by 13.4% during the first quarter. Equitable Holdings Inc. now owns 5,285 shares of the company’s stock valued at $379,000 after acquiring an additional 625 shares in the last quarter.

First Trust Materials AlphaDEX Fund Company Profile

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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.