First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) Trading Down 1% – Here’s Why

First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU)’s stock price traded down 1% during mid-day trading on Friday . The company traded as low as $44.55 and last traded at $44.58. 407,102 shares were traded during trading, a decline of 19% from the average session volume of 502,470 shares. The stock had previously closed at $45.01.

First Trust Utilities AlphaDEX Fund Price Performance

The business has a 50 day moving average price of $46.23 and a 200 day moving average price of $44.65. The stock has a market capitalization of $1.69 billion, a PE ratio of 17.41 and a beta of 0.67.

Institutional Trading of First Trust Utilities AlphaDEX Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Equitable Holdings Inc. lifted its stake in shares of First Trust Utilities AlphaDEX Fund by 0.4% in the third quarter. Equitable Holdings Inc. now owns 59,426 shares of the company’s stock worth $2,701,000 after buying an additional 251 shares in the last quarter. Global Retirement Partners LLC raised its holdings in First Trust Utilities AlphaDEX Fund by 20.3% in the 3rd quarter. Global Retirement Partners LLC now owns 1,501 shares of the company’s stock worth $68,000 after acquiring an additional 253 shares during the last quarter. JPMorgan Chase & Co. lifted its position in First Trust Utilities AlphaDEX Fund by 8.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,667 shares of the company’s stock valued at $155,000 after acquiring an additional 280 shares in the last quarter. HFG Advisors Inc. lifted its position in First Trust Utilities AlphaDEX Fund by 1.5% in the 2nd quarter. HFG Advisors Inc. now owns 20,957 shares of the company’s stock valued at $888,000 after acquiring an additional 301 shares in the last quarter. Finally, Fortis Capital Advisors LLC boosted its stake in First Trust Utilities AlphaDEX Fund by 6.1% during the 3rd quarter. Fortis Capital Advisors LLC now owns 5,294 shares of the company’s stock valued at $241,000 after purchasing an additional 305 shares during the last quarter.

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.