First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) Shares Up 0.1% – Should You Buy?

Shares of First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) rose 0.1% during trading on Thursday . The stock traded as high as $46.54 and last traded at $46.20. Approximately 518,800 shares changed hands during trading, an increase of 5% from the average daily volume of 495,207 shares. The stock had previously closed at $46.16.

First Trust Utilities AlphaDEX Fund Price Performance

The company has a fifty day moving average of $45.52 and a two-hundred day moving average of $43.80. The stock has a market capitalization of $1.77 billion, a P/E ratio of 17.41 and a beta of 0.67.

Institutional Investors Weigh In On First Trust Utilities AlphaDEX Fund

Hedge funds have recently added to or reduced their stakes in the stock. Susquehanna International Group LLP grew its holdings in First Trust Utilities AlphaDEX Fund by 23,271.2% in the 1st quarter. Susquehanna International Group LLP now owns 4,090,427 shares of the company’s stock worth $167,748,000 after buying an additional 4,072,925 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in First Trust Utilities AlphaDEX Fund during the first quarter valued at approximately $77,919,000. LPL Financial LLC grew its position in First Trust Utilities AlphaDEX Fund by 97.8% in the first quarter. LPL Financial LLC now owns 1,064,712 shares of the company’s stock worth $43,664,000 after buying an additional 526,415 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of First Trust Utilities AlphaDEX Fund by 3,269.8% during the 1st quarter. NewEdge Advisors LLC now owns 465,634 shares of the company’s stock valued at $19,096,000 after acquiring an additional 451,816 shares during the last quarter. Finally, Raymond James Financial Inc. grew its holdings in shares of First Trust Utilities AlphaDEX Fund by 86.0% in the 2nd quarter. Raymond James Financial Inc. now owns 824,969 shares of the company’s stock worth $34,962,000 after acquiring an additional 381,462 shares during 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.