First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) Trading Down 0.4% – Here’s What Happened

First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) shares traded down 0.4% during trading on Thursday . The stock traded as low as $48.44 and last traded at $48.44. 133,751 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 499,517 shares. The stock had previously closed at $48.65.

First Trust Utilities AlphaDEX Fund Stock Performance

The business has a 50-day simple moving average of $49.07 and a two-hundred day simple moving average of $49.07. The stock has a market cap of $830.75 million, a price-to-earnings ratio of 17.41 and a beta of 0.61.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FXU. Blair William & Co. IL lifted its stake in First Trust Utilities AlphaDEX Fund by 204.2% in the third quarter. Blair William & Co. IL now owns 794 shares of the company’s stock valued at $36,000 after acquiring an additional 533 shares during the last quarter. Smartleaf Asset Management LLC bought a new stake in First Trust Utilities AlphaDEX Fund in the 4th quarter valued at about $44,000. Glassman Wealth Services acquired a new stake in First Trust Utilities AlphaDEX Fund during the fourth quarter worth approximately $45,000. Triumph Capital Management bought a new position in First Trust Utilities AlphaDEX Fund during the 3rd quarter worth $46,000. Finally, Merkkuri Wealth Advisors LLC acquired a new position in First Trust Utilities AlphaDEX Fund in the 1st quarter valued at $62,000.

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.