First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ) Stock Price Down 0.7% – Should You Sell?

First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ) shares were down 0.7% during trading on Friday . The stock traded as low as $56.47 and last traded at $56.76. Approximately 36,727 shares were traded during trading, an increase of 2% from the average daily volume of 36,029 shares. The stock had previously closed at $57.16.

First Trust Materials AlphaDEX Fund Stock Down 0.7 %

The business’s fifty day moving average is $63.59 and its two-hundred day moving average is $64.58. The firm has a market cap of $343.40 million, a price-to-earnings ratio of 9.32 and a beta of 1.04.

Hedge Funds Weigh In On First Trust Materials AlphaDEX Fund

Hedge funds have recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC lifted its position in First Trust Materials AlphaDEX Fund by 8.2% during the 3rd quarter. Cornerstone Planning Group LLC now owns 134,255 shares of the company’s stock valued at $8,858,000 after purchasing an additional 10,152 shares during the period. Schrum Private Wealth Management LLC raised its stake in shares of First Trust Materials AlphaDEX Fund by 61.2% during the third quarter. Schrum Private Wealth Management LLC now owns 12,460 shares of the company’s stock worth $835,000 after buying an additional 4,730 shares during the last quarter. Private Advisor Group LLC lifted its holdings in First Trust Materials AlphaDEX Fund by 21.0% in the third quarter. Private Advisor Group LLC now owns 13,533 shares of the company’s stock valued at $907,000 after buying an additional 2,353 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its stake in First Trust Materials AlphaDEX Fund by 279.2% in the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 25,397 shares of the company’s stock valued at $1,703,000 after acquiring an additional 18,700 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in First Trust Materials AlphaDEX Fund during the 2nd quarter worth $1,415,000.

About First Trust Materials AlphaDEX Fund

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.