First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) Sets New 12-Month Low – Time to Sell?

First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU)’s stock price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $44.05 and last traded at $44.1280, with a volume of 9095 shares. The stock had previously closed at $44.46.

First Trust Utilities AlphaDEX Fund Price Performance

The stock has a fifty day moving average of $47.80 and a 200 day moving average of $48.65. The stock has a market cap of $730.84 million, a price-to-earnings ratio of 17.41 and a beta of 0.60.

Institutional Trading of First Trust Utilities AlphaDEX Fund

Several institutional investors and hedge funds have recently bought and sold shares of the business. Merkkuri Wealth Advisors LLC purchased a new stake in shares of First Trust Utilities AlphaDEX Fund in the 1st quarter valued at $62,000. Allworth Financial LP raised its holdings in shares of First Trust Utilities AlphaDEX Fund by 3,650.0% during the second quarter. Allworth Financial LP now owns 1,500 shares of the company’s stock worth $74,000 after purchasing an additional 1,460 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of 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. Capital Square LLC purchased a new position in shares of First Trust Utilities AlphaDEX Fund during the second quarter worth $266,000. Finally, WealthBridge Capital Management LLC acquired a new position in First Trust Utilities AlphaDEX Fund during the first quarter valued at $351,000.

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.