First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) Hits New 52-Week Low – Here’s What Happened

First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) reached a new 52-week low during trading on Wednesday . The company traded as low as $15.56 and last traded at $15.62, with a volume of 569864 shares. The stock had previously closed at $16.07.

First Trust Energy AlphaDEX Fund Trading Up 1.2 %

The company has a market capitalization of $545.65 million, a PE ratio of 7.24 and a beta of 0.63. The stock’s fifty day moving average is $16.90 and its two-hundred day moving average is $17.27.

Institutional Investors Weigh In On First Trust Energy AlphaDEX Fund

Hedge funds have recently modified their holdings of the stock. Concourse Financial Group Securities Inc. increased its holdings in First Trust Energy AlphaDEX Fund by 371.9% in the 2nd quarter. Concourse Financial Group Securities Inc. now owns 13,632 shares of the company’s stock worth $248,000 after acquiring an additional 10,743 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of First Trust Energy AlphaDEX Fund by 6.4% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 302,703 shares of the company’s stock worth $5,509,000 after purchasing an additional 18,272 shares in the last quarter. Harbour Investments Inc. raised its position in shares of First Trust Energy AlphaDEX Fund by 8.6% in the second quarter. Harbour Investments Inc. now owns 24,189 shares of the company’s stock valued at $440,000 after purchasing an additional 1,921 shares during the period. Commonwealth Equity Services LLC lifted its stake in shares of First Trust Energy AlphaDEX Fund by 2.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 301,007 shares of the company’s stock valued at $5,478,000 after buying an additional 8,087 shares in the last quarter. Finally, Waterfront Wealth Inc. bought a new position in First Trust Energy AlphaDEX Fund in the 2nd quarter worth approximately $271,000.

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.