First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) Stock Price Up 1.1% – Still a Buy?

First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU)’s share price shot up 1.1% during trading on Thursday . The stock traded as high as $50.13 and last traded at $50.01. 272,198 shares changed hands during mid-day trading, a decline of 50% from the average daily volume of 540,666 shares. The stock had previously closed at $49.48.

First Trust Utilities AlphaDEX Fund Stock Performance

The firm’s 50-day moving average price is $48.72 and its two-hundred day moving average price is $48.54. The firm has a market cap of $826.51 million, a PE ratio of 17.41 and a beta of 0.61.

Hedge Funds Weigh In On First Trust Utilities AlphaDEX Fund

Several large investors have recently bought and sold shares of the stock. First Trust Advisors LP grew its position in shares of First Trust Utilities AlphaDEX Fund by 5.3% during the fourth quarter. First Trust Advisors LP now owns 16,901,242 shares of the company’s stock worth $760,725,000 after acquiring an additional 849,177 shares during the last quarter. Raymond James Financial Inc. raised its position in 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 valued at $34,962,000 after purchasing an additional 381,462 shares during the last quarter. Earned Wealth Advisors LLC purchased a new stake in First Trust Utilities AlphaDEX Fund in the 4th quarter valued at $16,812,000. &PARTNERS acquired a new stake in First Trust Utilities AlphaDEX Fund during the 4th quarter worth $11,840,000. Finally, WCG Wealth Advisors LLC boosted its stake 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 worth $16,730,000 after purchasing an additional 235,296 shares during the period.

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.