First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) Stock Passes Above 200 Day Moving Average – Should You Sell?

First Trust Energy AlphaDEX Fund (NYSEARCA:FXN)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $17.46 and traded as high as $17.86. First Trust Energy AlphaDEX Fund shares last traded at $17.65, with a volume of 192,982 shares changing hands.

First Trust Energy AlphaDEX Fund Price Performance

The firm has a market cap of $617.75 million, a P/E ratio of 7.24 and a beta of 0.63. The company has a fifty day moving average of $16.86 and a 200-day moving average of $17.46.

Institutional Investors Weigh In On First Trust Energy AlphaDEX Fund

Institutional investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers lifted its holdings in First Trust Energy AlphaDEX Fund by 79.6% during the first quarter. Cetera Investment Advisers now owns 204,115 shares of the company’s stock worth $3,823,000 after acquiring an additional 90,472 shares during the period. Cetera Advisors LLC grew its stake in First Trust Energy AlphaDEX Fund by 41.1% in the 1st quarter. Cetera Advisors LLC now owns 45,545 shares of the company’s stock valued at $853,000 after purchasing an additional 13,267 shares during the period. Bright Futures Wealth Management LLC. purchased a new stake in shares of First Trust Energy AlphaDEX Fund during the 1st quarter valued at $199,000. PCG Wealth Advisors LLC raised its stake in shares of First Trust Energy AlphaDEX Fund by 54.4% during the 2nd quarter. PCG Wealth Advisors LLC now owns 295,769 shares of the company’s stock worth $5,383,000 after purchasing an additional 104,191 shares during the period. Finally, Concourse Financial Group Securities Inc. boosted its holdings in shares of 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 buying an additional 10,743 shares during the last quarter.

First Trust Energy AlphaDEX Fund Company Profile

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.