First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) Sees Strong Trading Volume – Here’s What Happened

First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) saw unusually-high trading volume on Wednesday . Approximately 657,447 shares traded hands during mid-day trading, an increase of 64% from the previous session’s volume of 400,041 shares.The stock last traded at $46.2350 and had previously closed at $46.13.

First Trust Utilities AlphaDEX Fund Price Performance

The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 17.41 and a beta of 0.67. The stock has a 50 day simple moving average of $45.67 and a two-hundred day simple moving average of $45.17.

Institutional Trading of First Trust Utilities AlphaDEX Fund

Several institutional investors have recently modified their holdings of the stock. Flagship Harbor Advisors LLC acquired a new stake in First Trust Utilities AlphaDEX Fund during the 4th quarter worth $562,000. Sound Income Strategies LLC purchased a new stake in shares of First Trust Utilities AlphaDEX Fund in the 4th quarter valued at about $821,000. Realta Investment Advisors boosted its position in shares of First Trust Utilities AlphaDEX Fund by 3.8% in the 4th quarter. Realta Investment Advisors now owns 15,820 shares of the company’s stock valued at $712,000 after purchasing an additional 577 shares during the period. Nilsine Partners LLC grew its stake in First Trust Utilities AlphaDEX Fund by 3.2% during the 4th quarter. Nilsine Partners LLC now owns 499,969 shares of the company’s stock worth $22,504,000 after buying an additional 15,433 shares during the last quarter. Finally, Cottonwood Capital Advisors LLC boosted its holdings in shares of First Trust Utilities AlphaDEX Fund by 21.7% in the fourth quarter. Cottonwood Capital Advisors LLC now owns 12,161 shares of the company’s stock valued at $547,000 after acquiring an additional 2,166 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.