First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ) Stock Passes Below 200-Day Moving Average – Here’s What Happened

First Trust Materials AlphaDEX Fund (NYSEARCA:FXZ)’s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $65.56 and traded as low as $63.57. First Trust Materials AlphaDEX Fund shares last traded at $63.76, with a volume of 22,723 shares changing hands.

First Trust Materials AlphaDEX Fund Price Performance

The stock has a market capitalization of $383.15 million, a price-to-earnings ratio of 9.32 and a beta of 1.04. The business’s fifty day moving average price is $65.66 and its 200-day moving average price is $65.51.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Zions Bancorporation N.A. purchased a new stake in First Trust Materials AlphaDEX Fund in the 2nd quarter valued at $60,000. CWM LLC boosted its holdings in First Trust Materials AlphaDEX Fund by 24.9% during the 2nd quarter. CWM LLC now owns 1,884 shares of the company’s stock worth $122,000 after acquiring an additional 375 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in shares of First Trust Materials AlphaDEX Fund in the 2nd quarter worth $273,000. Atlas Brown Inc. raised its holdings in shares of First Trust Materials AlphaDEX Fund by 44.0% in the second quarter. Atlas Brown Inc. now owns 5,620 shares of the company’s stock valued at $364,000 after purchasing an additional 1,717 shares during the last quarter. Finally, RPg Family Wealth Advisory LLC bought a new position in shares of First Trust Materials AlphaDEX Fund during the third quarter valued at about $383,000.

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.