First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) Hits New 12-Month Low – Should You Sell?

Shares of First Trust Energy AlphaDEX Fund (NYSEARCA:FXN) hit a new 52-week low 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 stock’s 50-day moving average price is $16.90 and its 200-day moving average price is $17.27. The company has a market cap of $545.65 million, a P/E ratio of 7.24 and a beta of 0.63.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FXN. International Assets Investment Management LLC raised its position in First Trust Energy AlphaDEX Fund by 39,553.9% in the 3rd quarter. International Assets Investment Management LLC now owns 5,862,831 shares of the company’s stock valued at $102,865,000 after buying an additional 5,848,046 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of First Trust Energy AlphaDEX Fund by 298,695.2% in the third quarter. BNP Paribas Financial Markets now owns 248,000 shares of the company’s stock valued at $4,023,000 after purchasing an additional 247,917 shares during the last quarter. LPL Financial LLC lifted its position in shares of First Trust Energy AlphaDEX Fund by 5.6% during the second quarter. LPL Financial LLC now owns 2,452,840 shares of the company’s stock valued at $44,642,000 after purchasing an additional 129,603 shares in the last quarter. Millennium Management LLC lifted its position in shares of First Trust Energy AlphaDEX Fund by 313.6% during the second quarter. Millennium Management LLC now owns 160,276 shares of the company’s stock valued at $2,917,000 after purchasing an additional 121,522 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in First Trust Energy AlphaDEX Fund during the second quarter worth about $1,295,000.

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.