First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) Shares Down 0.6% – Here’s What Happened

First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU)’s stock price fell 0.6% during trading on Monday . The stock traded as low as $45.18 and last traded at $45.23. Approximately 92,227 shares traded hands during trading, a decline of 80% from the average daily volume of 463,336 shares. The stock had previously closed at $45.49.

First Trust Utilities AlphaDEX Fund Trading Down 0.6%

The business has a 50 day moving average price of $48.00 and a 200 day moving average price of $48.73. The company has a market capitalization of $775.69 million, a P/E ratio of 17.41 and a beta of 0.60.

Institutional Investors Weigh In On First Trust Utilities AlphaDEX Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Merkkuri Wealth Advisors LLC bought a new position in First Trust Utilities AlphaDEX Fund in the first quarter valued at approximately $62,000. Allworth Financial LP raised its holdings in shares of First Trust Utilities AlphaDEX Fund by 3,650.0% in the 2nd quarter. Allworth Financial LP now owns 1,500 shares of the company’s stock valued at $74,000 after purchasing an additional 1,460 shares during the period. AlphaCore Capital LLC bought a new stake in First Trust Utilities AlphaDEX Fund in the fourth quarter valued at approximately $75,000. Geneos Wealth Management Inc. raised its stake in First Trust Utilities AlphaDEX Fund by 18.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,557 shares of the company’s stock valued at $127,000 after acquiring an additional 401 shares during the period. Finally, Capital Square LLC acquired a new stake in shares of First Trust Utilities AlphaDEX Fund during the 2nd quarter worth about $266,000.

About First Trust Utilities AlphaDEX Fund

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.