First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) Sets New 1-Year Low – Should You Sell?

First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU)’s share price hit a new 52-week low during trading on Thursday . The stock traded as low as $44.05 and last traded at $44.1280, with a volume of 9095 shares changing hands. The stock had previously closed at $44.46.

First Trust Utilities AlphaDEX Fund Stock Performance

The company has a market capitalization of $730.84 million, a price-to-earnings ratio of 17.41 and a beta of 0.60. The business’s 50 day moving average is $47.80 and its 200 day moving average is $48.65.

Institutional Investors Weigh In On First Trust Utilities AlphaDEX Fund

Institutional investors and hedge funds have recently made changes to their positions in the stock. WCG Wealth Advisors LLC increased its position in shares of First Trust Utilities AlphaDEX Fund by 172.5% in the 4th quarter. WCG Wealth Advisors LLC now owns 371,681 shares of the company’s stock valued at $16,730,000 after acquiring an additional 235,296 shares during the period. Rockport Wealth LLC lifted its position in First Trust Utilities AlphaDEX Fund by 3,195.9% during the 1st quarter. Rockport Wealth LLC now owns 228,438 shares of the company’s stock worth $11,326,000 after acquiring an additional 221,507 shares during the period. Ocean Park Asset Management LLC acquired a new stake in First Trust Utilities AlphaDEX Fund during the 1st quarter worth about $4,260,000. Cetera Investment Advisers grew its stake in First Trust Utilities AlphaDEX Fund by 13.5% during the 1st quarter. Cetera Investment Advisers now owns 335,969 shares of the company’s stock valued at $16,661,000 after purchasing an additional 39,872 shares during the last quarter. Finally, Kestra Advisory Services LLC increased its holdings in shares of First Trust Utilities AlphaDEX Fund by 148.0% in the first quarter. Kestra Advisory Services LLC now owns 45,043 shares of the company’s stock valued at $2,234,000 after purchasing an additional 26,884 shares during the period.

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.