First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ) Trading 0.7% Higher – Here’s What Happened

First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ)’s share price rose 0.7% during trading on Friday . The stock traded as high as $60.52 and last traded at $60.15. Approximately 20,179 shares traded hands during trading, a decline of 52% from the average daily volume of 41,853 shares. The stock had previously closed at $59.76.

First Trust Materials AlphaDEX Fund Stock Up 0.7 %

The company has a market capitalization of $363.91 million, a PE ratio of 9.32 and a beta of 1.04. The firm has a 50-day moving average of $60.80 and a two-hundred day moving average of $63.68.

Institutional Investors Weigh In On First Trust Materials AlphaDEX Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in FXZ. JPMorgan Chase & Co. boosted its holdings in First Trust Materials AlphaDEX Fund by 8,640.0% during the third quarter. JPMorgan Chase & Co. now owns 1,748 shares of the company’s stock worth $117,000 after buying an additional 1,728 shares in the last quarter. RPg Family Wealth Advisory LLC acquired a new position in shares of First Trust Materials AlphaDEX Fund in the third quarter worth about $383,000. Clarus Wealth Advisors boosted its stake in shares of First Trust Materials AlphaDEX Fund by 9.4% during the 3rd quarter. Clarus Wealth Advisors now owns 5,833 shares of the company’s stock worth $387,000 after acquiring an additional 499 shares in the last quarter. Flow Traders U.S. LLC acquired a new stake in shares of First Trust Materials AlphaDEX Fund during the 3rd quarter valued at about $439,000. Finally, International Assets Investment Management LLC purchased a new position in shares of First Trust Materials AlphaDEX Fund in the 4th quarter valued at about $555,000.

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.