Negative dividend action in the energy sector did not keep investors from adding $364.1 million to the First Trust Energy AlphaDEX Fund (NYSEArca: FXN) last week. That brings FXN’s assets under management total to $630 million.

FXN’s 61 holdings are selected based “on growth factors including three, six and 12-month price appreciation, sales to price and one year sales growth, and, separately, on value factors including book value to price, cash flow to price and return on assets,” according to First Trust.

The ETF is up 2.2% this year thanks in part to its solid exposure to refiners, companies that see margins improve when oil prices fall. FXN is home to at least five refiners and several integrated oil names. [Value in a Refiners ETF]

iShares U.S. Energy ETF

ETF Trends editorial team contributed to this post.

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