First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) Shares Down 0.4% – Should You Sell?

Shares of First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) fell 0.4% during trading on Thursday . The company traded as low as $48.44 and last traded at $48.44. Approximately 133,751 shares traded hands during mid-day trading, a decline of 73% from the average daily volume of 499,517 shares. The stock had previously closed at $48.65.

First Trust Utilities AlphaDEX Fund Stock Performance

The company has a market capitalization of $813.94 million, a PE ratio of 17.41 and a beta of 0.61. The firm has a fifty day simple moving average of $49.05 and a 200 day simple moving average of $49.06.

Institutional Trading of First Trust Utilities AlphaDEX Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. First Trust Advisors LP grew its stake in First Trust Utilities AlphaDEX Fund by 5.3% in the fourth quarter. First Trust Advisors LP now owns 16,901,242 shares of the company’s stock valued at $760,725,000 after purchasing an additional 849,177 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in shares of First Trust Utilities AlphaDEX Fund by 86.0% during the 2nd quarter. Raymond James Financial Inc. now owns 824,969 shares of the company’s stock valued at $34,962,000 after purchasing an additional 381,462 shares during the last quarter. &PARTNERS purchased a new position in First Trust Utilities AlphaDEX Fund during the 4th quarter worth $11,840,000. WCG Wealth Advisors LLC increased its position in First Trust Utilities AlphaDEX Fund by 172.5% during the 4th quarter. WCG Wealth Advisors LLC now owns 371,681 shares of the company’s stock valued at $16,730,000 after buying an additional 235,296 shares in the last quarter. Finally, Rockport Wealth LLC increased its position in First Trust Utilities AlphaDEX Fund by 3,195.9% during the 1st quarter. Rockport Wealth LLC now owns 228,438 shares of the company’s stock valued at $11,326,000 after buying an additional 221,507 shares in 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. 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.