First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) Sets New 52-Week High – Here’s What Happened

First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) shares hit a new 52-week high on Thursday . The stock traded as high as $50.70 and last traded at $50.3740, with a volume of 65093 shares. The stock had previously closed at $50.45.

First Trust Utilities AlphaDEX Fund Price Performance

The firm has a 50 day moving average price of $46.91 and a 200-day moving average price of $46.01. The firm has a market capitalization of $887.40 million, a price-to-earnings ratio of 17.41 and a beta of 0.67.

Institutional Investors Weigh In On First Trust Utilities AlphaDEX Fund

A number of institutional investors have recently modified their holdings of FXU. Mercer Global Advisors Inc. ADV acquired a new position in shares of First Trust Utilities AlphaDEX Fund during the fourth quarter valued at $214,000. Quadrature Capital Ltd acquired a new position in shares of First Trust Utilities AlphaDEX Fund during the fourth quarter valued at $6,001,000. Gotham Asset Management LLC bought a new stake in shares of First Trust Utilities AlphaDEX Fund during the fourth quarter valued at about $356,000. Asset One Wealth Management LLC acquired a new stake in First Trust Utilities AlphaDEX Fund in the fourth quarter worth about $622,000. Finally, Cetera Investment Advisers grew its position in First Trust Utilities AlphaDEX Fund by 64.6% in the 4th quarter. Cetera Investment Advisers now owns 296,097 shares of the company’s stock valued at $13,327,000 after buying an additional 116,240 shares in 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.