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

Posted by Xavier Holt on Jan 19th, 2025

Shares of First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ – Get Free Report) rose 0.7% on Friday . The stock traded as high as $60.52 and last traded at $60.15. 20,179 shares changed hands during mid-day trading, a decline of 52% from the average session volume of 41,853 shares. The stock had previously closed at $59.76.

First Trust Materials AlphaDEX Fund Trading Up 0.7 %

The firm has a market cap of $363.91 million, a P/E ratio of 9.32 and a beta of 1.04. The business has a 50-day moving average price of $60.80 and a 200-day moving average price of $63.68.

Institutional Investors Weigh In On First Trust Materials AlphaDEX Fund

Hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. increased 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 valued at $117,000 after buying an additional 1,728 shares during the period. RPg Family Wealth Advisory LLC bought a new stake in First Trust Materials AlphaDEX Fund during the 3rd quarter valued at $383,000. Clarus Wealth Advisors increased its holdings in shares of First Trust Materials AlphaDEX Fund by 9.4% in the 3rd quarter. Clarus Wealth Advisors now owns 5,833 shares of the company’s stock valued at $387,000 after acquiring an additional 499 shares during the period. Flow Traders U.S. LLC bought a new position in shares of First Trust Materials AlphaDEX Fund in the 3rd quarter worth $439,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of First Trust Materials AlphaDEX Fund during the 4th quarter worth $555,000.

About First Trust Materials AlphaDEX Fund

(Get Free Report)

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.