First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) Trading Down 0.6% – Here’s What Happened

First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) fell 0.6% during trading on Monday . The company traded as low as $45.18 and last traded at $45.23. Approximately 92,227 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 463,336 shares. The stock had previously closed at $45.49.

First Trust Utilities AlphaDEX Fund Stock Performance

The business has a fifty day moving average price of $48.00 and a 200 day moving average price of $48.73. The company has a market cap of $775.69 million, a price-to-earnings ratio of 17.41 and a beta of 0.60.

Hedge Funds Weigh In On First Trust Utilities AlphaDEX Fund

Several large investors have recently modified their holdings of FXU. Integrated Wealth Concepts LLC lifted its holdings in shares of First Trust Utilities AlphaDEX Fund by 13.4% during the second quarter. Integrated Wealth Concepts LLC now owns 46,019 shares of the company’s stock worth $2,271,000 after purchasing an additional 5,439 shares during the period. Allworth Financial LP increased its holdings in First Trust Utilities AlphaDEX Fund by 3,650.0% in the second quarter. Allworth Financial LP now owns 1,500 shares of the company’s stock valued at $74,000 after purchasing an additional 1,460 shares during the period. Capital Square LLC acquired a new stake in First Trust Utilities AlphaDEX Fund in the second quarter valued at $266,000. Quantinno Capital Management LP raised its position in First Trust Utilities AlphaDEX Fund by 8.6% during the 1st quarter. Quantinno Capital Management LP now owns 24,988 shares of the company’s stock worth $1,239,000 after purchasing an additional 1,971 shares during the last quarter. Finally, Gateway Wealth Partners LLC raised its position in First Trust Utilities AlphaDEX Fund by 559.0% during the 1st quarter. Gateway Wealth Partners LLC now owns 30,104 shares of the company’s stock worth $1,493,000 after purchasing an additional 25,536 shares during the last quarter.

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.