First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) Shares Up 0.6% – Still a Buy?

Shares of First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) traded up 0.6% during trading on Thursday . The company traded as high as $48.00 and last traded at $47.84. 184,800 shares were traded during trading, a decline of 70% from the average session volume of 610,396 shares. The stock had previously closed at $47.56.

First Trust Utilities AlphaDEX Fund Price Performance

The business’s fifty day moving average price is $48.98 and its 200-day moving average price is $47.81. The stock has a market capitalization of $874.70 million, a price-to-earnings ratio of 17.41 and a beta of 0.61.

Hedge Funds Weigh In On First Trust Utilities AlphaDEX Fund

A number of hedge funds have recently added to or reduced their stakes in FXU. Park Square Financial Group LLC raised its stake in shares of First Trust Utilities AlphaDEX Fund by 18.0% in the fourth quarter. Park Square Financial Group LLC now owns 1,498 shares of the company’s stock worth $67,000 after purchasing an additional 228 shares during the last quarter. Equitable Holdings Inc. lifted its stake in First Trust Utilities AlphaDEX Fund by 0.4% during the 3rd quarter. Equitable Holdings Inc. now owns 59,426 shares of the company’s stock valued at $2,701,000 after acquiring an additional 251 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in First Trust Utilities AlphaDEX Fund by 8.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,667 shares of the company’s stock worth $155,000 after acquiring an additional 280 shares during the last quarter. HighTower Advisors LLC grew its stake in shares of First Trust Utilities AlphaDEX Fund by 8.6% in the 4th quarter. HighTower Advisors LLC now owns 4,905 shares of the company’s stock worth $221,000 after acquiring an additional 389 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in shares of First Trust Utilities AlphaDEX Fund by 18.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,557 shares of the company’s stock worth $127,000 after acquiring an additional 401 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.