First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) Trading 1.1% Higher – Still a Buy?

First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) shares were up 1.1% on Thursday . The stock traded as high as $50.13 and last traded at $50.01. Approximately 272,198 shares traded hands during mid-day trading, a decline of 50% from the average daily volume of 540,666 shares. The stock had previously closed at $49.48.

First Trust Utilities AlphaDEX Fund Stock Performance

The business’s 50 day moving average price is $48.67 and its 200-day moving average price is $48.53. The firm has a market cap of $827.67 million, a price-to-earnings ratio of 17.41 and a beta of 0.61.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of FXU. Capital Investment Advisory Services LLC lifted its holdings in shares of First Trust Utilities AlphaDEX Fund by 1,428.1% in the 4th quarter. Capital Investment Advisory Services LLC now owns 2,063 shares of the company’s stock worth $93,000 after purchasing an additional 1,928 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new position in First Trust Utilities AlphaDEX Fund during the 4th quarter valued at approximately $562,000. Sound Income Strategies LLC acquired a new position in First Trust Utilities AlphaDEX Fund during the 4th quarter valued at approximately $821,000. Realta Investment Advisors grew its stake in First Trust Utilities AlphaDEX Fund by 3.8% during the 4th quarter. Realta Investment Advisors now owns 15,820 shares of the company’s stock worth $712,000 after buying an additional 577 shares during the last quarter. Finally, Nilsine Partners LLC grew its stake in First Trust Utilities AlphaDEX Fund by 3.2% during the 4th quarter. Nilsine Partners LLC now owns 499,969 shares of the company’s stock worth $22,504,000 after buying an additional 15,433 shares during the last quarter.

First Trust Utilities AlphaDEX Fund Company Profile

First Trust Utilities AlphaDEX Fund (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield of an equity index called the StrataQuant Utilities Index (the Index). The Index is an enhanced index created and administered by the AMEX, which employs the AlphaDEX stock selection methodology to select stocks from the Russell 1000 Index. The AMEX constructs the Index by ranking the stocks, which are members of the Russell 1000 Index on growth factors, including 3, 6 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.