First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) Trading Down 3.3% – What’s Next?

First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) shares fell 3.3% during mid-day trading on Friday . The stock traded as low as $47.94 and last traded at $48.11. 1,290,551 shares were traded during trading, an increase of 40% from the average session volume of 922,736 shares. The stock had previously closed at $49.77.

First Trust Utilities AlphaDEX Fund Stock Performance

The stock’s fifty day moving average is $48.41 and its two-hundred day moving average is $46.58. The firm has a market cap of $837.11 million, a price-to-earnings ratio of 17.41 and a beta of 0.67.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Rothschild Investment LLC acquired a new stake in shares of First Trust Utilities AlphaDEX Fund in the third quarter valued at approximately $25,000. Blair William & Co. IL boosted its position in shares of First Trust Utilities AlphaDEX Fund by 204.2% during the third quarter. Blair William & Co. IL now owns 794 shares of the company’s stock worth $36,000 after buying an additional 533 shares during the period. Smartleaf Asset Management LLC acquired a new position in shares of First Trust Utilities AlphaDEX Fund during the fourth quarter worth approximately $44,000. Glassman Wealth Services bought a new position in First Trust Utilities AlphaDEX Fund in the 4th quarter worth approximately $45,000. Finally, Triumph Capital Management bought a new position in First Trust Utilities AlphaDEX Fund in the 3rd quarter worth approximately $46,000.

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.