First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) Trading Down 3.3% – What’s Next?

First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) fell 3.3% during trading on Friday . The stock traded as low as $47.94 and last traded at $48.11. 1,290,551 shares changed hands during mid-day trading, an increase of 40% from the average session volume of 922,736 shares. The stock had previously closed at $49.77.

First Trust Utilities AlphaDEX Fund Trading Down 3.3%

The firm has a market cap of $837.11 million, a P/E ratio of 17.41 and a beta of 0.67. The business’s 50-day moving average is $48.41 and its two-hundred day moving average is $46.58.

Hedge Funds Weigh In On First Trust Utilities AlphaDEX Fund

Institutional investors have recently made changes to their positions in the stock. Rothschild Investment LLC bought a new stake in shares of First Trust Utilities AlphaDEX Fund in the 3rd quarter worth approximately $25,000. Blair William & Co. IL grew its stake in First Trust Utilities AlphaDEX Fund by 204.2% during the 3rd quarter. Blair William & Co. IL now owns 794 shares of the company’s stock worth $36,000 after buying an additional 533 shares during the last quarter. Smartleaf Asset Management LLC acquired a new stake in First Trust Utilities AlphaDEX Fund in the fourth quarter worth $44,000. Glassman Wealth Services acquired a new stake in First Trust Utilities AlphaDEX Fund in the fourth quarter worth $45,000. Finally, Triumph Capital Management bought a new stake in First Trust Utilities AlphaDEX Fund in the third quarter valued at $46,000.

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.