First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) Stock Price Down 0.4% – Time to Sell?

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 session volume of 499,517 shares. The stock had previously closed at $48.65.

First Trust Utilities AlphaDEX Fund Stock Down 0.4%

The stock has a 50 day moving average of $49.07 and a 200 day moving average of $49.07. The firm has a market cap of $830.75 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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Park Square Financial Group LLC lifted its holdings in shares of First Trust Utilities AlphaDEX Fund by 18.0% during the 4th quarter. Park Square Financial Group LLC now owns 1,498 shares of the company’s stock worth $67,000 after acquiring an additional 228 shares during the period. Equitable Holdings Inc. increased its stake in First Trust Utilities AlphaDEX Fund by 0.4% in the third 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 during the last quarter. JPMorgan Chase & Co. raised its position in First Trust Utilities AlphaDEX Fund by 8.3% during the second quarter. JPMorgan Chase & Co. now owns 3,667 shares of the company’s stock valued at $155,000 after purchasing an additional 280 shares in the last quarter. HighTower Advisors LLC raised its position in First Trust Utilities AlphaDEX Fund by 8.6% during the fourth quarter. HighTower Advisors LLC now owns 4,905 shares of the company’s stock valued at $221,000 after purchasing an additional 389 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in First Trust Utilities AlphaDEX Fund by 18.6% during the first quarter. Geneos Wealth Management Inc. now owns 2,557 shares of the company’s stock worth $127,000 after purchasing an additional 401 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. 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.