First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ) Trading 0.2% Higher – Time to Buy?

First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ)’s stock price traded up 0.2% during trading on Tuesday . The stock traded as high as $74.27 and last traded at $74.22. 38,524 shares changed hands during mid-day trading, a decline of 7% from the average session volume of 41,207 shares. The stock had previously closed at $74.06.

First Trust Materials AlphaDEX Fund Stock Up 0.2%

The company has a market cap of $256.06 million, a PE ratio of 17.24 and a beta of 1.15. The stock has a 50-day moving average of $66.39 and a 200-day moving average of $62.66.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FXZ. Ameriprise Financial Inc. raised its stake in First Trust Materials AlphaDEX Fund by 15.1% in the third quarter. Ameriprise Financial Inc. now owns 124,960 shares of the company’s stock valued at $7,662,000 after purchasing an additional 16,382 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of First Trust Materials AlphaDEX Fund by 2.5% during the 2nd quarter. Cetera Investment Advisers now owns 92,316 shares of the company’s stock worth $5,257,000 after acquiring an additional 2,255 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in First Trust Materials AlphaDEX Fund by 4.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 73,991 shares of the company’s stock worth $5,131,000 after acquiring an additional 2,853 shares in the last quarter. Royal Bank of Canada increased its stake in First Trust Materials AlphaDEX Fund by 31.2% in the first quarter. Royal Bank of Canada now owns 66,097 shares of the company’s stock valued at $3,665,000 after acquiring an additional 15,706 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in First Trust Materials AlphaDEX Fund by 16.9% in the third quarter. Envestnet Asset Management Inc. now owns 64,302 shares of the company’s stock valued at $3,960,000 after acquiring an additional 9,298 shares during the last quarter.

First Trust Materials AlphaDEX Fund Company Profile

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.