First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) Stock Price Up 0.2% – Here’s What Happened

First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) shares traded up 0.2% during trading on Thursday . The company traded as high as $50.02 and last traded at $49.69. Approximately 173,209 shares traded hands during trading, a decline of 70% from the average session volume of 573,540 shares. The stock had previously closed at $49.60.

First Trust Utilities AlphaDEX Fund Price Performance

The stock has a fifty day moving average of $48.53 and a 200 day moving average of $48.04. The firm has a market capitalization of $906.83 million, a P/E ratio of 17.41 and a beta of 0.61.

Hedge Funds Weigh In On First Trust Utilities AlphaDEX Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Quantinno Capital Management LP grew its position in First Trust Utilities AlphaDEX Fund by 8.6% during the first quarter. Quantinno Capital Management LP now owns 24,988 shares of the company’s stock valued at $1,239,000 after buying an additional 1,971 shares during the period. Gateway Wealth Partners LLC raised its position in First Trust Utilities AlphaDEX Fund by 559.0% in the first quarter. Gateway Wealth Partners LLC now owns 30,104 shares of the company’s stock worth $1,493,000 after acquiring an additional 25,536 shares during the period. Cetera Investment Advisers raised its position in First Trust Utilities AlphaDEX Fund by 13.5% in the first quarter. Cetera Investment Advisers now owns 335,969 shares of the company’s stock worth $16,661,000 after acquiring an additional 39,872 shares during the period. Earned Wealth Advisors LLC boosted its stake in First Trust Utilities AlphaDEX Fund by 1.5% in the first quarter. Earned Wealth Advisors LLC now owns 379,257 shares of the company’s stock valued at $18,807,000 after acquiring an additional 5,750 shares during the last quarter. Finally, Dorsey Wright & Associates bought a new position in shares of First Trust Utilities AlphaDEX Fund during the 1st quarter valued at approximately $497,000.

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.