First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) Reaches New 1-Year High – Time to Buy?

Shares of First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $50.58 and last traded at $50.2940, with a volume of 32421 shares trading hands. The stock had previously closed at $50.09.

First Trust Utilities AlphaDEX Fund Trading Down 0.0%

The stock has a market capitalization of $871.41 million, a P/E ratio of 17.41 and a beta of 0.67. The company has a 50-day moving average price of $45.96 and a 200 day moving average price of $45.70.

Hedge Funds Weigh In On First Trust Utilities AlphaDEX Fund

Several hedge funds and other institutional investors have recently bought and sold shares of FXU. Rothschild Investment LLC purchased a new position in shares of First Trust Utilities AlphaDEX Fund during the third quarter worth $25,000. Blair William & Co. IL lifted its holdings in shares of First Trust Utilities AlphaDEX Fund by 204.2% in the 3rd quarter. Blair William & Co. IL now owns 794 shares of the company’s stock valued at $36,000 after buying an additional 533 shares during the period. Smartleaf Asset Management LLC purchased a new stake in shares of First Trust Utilities AlphaDEX Fund in the fourth quarter worth about $44,000. Glassman Wealth Services acquired a new stake in First Trust Utilities AlphaDEX Fund during the fourth quarter worth about $45,000. Finally, Triumph Capital Management acquired a new stake in shares of First Trust Utilities AlphaDEX Fund during the 3rd quarter worth approximately $46,000.

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.