First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) Stock Price Down 0.6% – Here’s Why

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

First Trust Utilities AlphaDEX Fund Stock Performance

The company has a market capitalization of $740.26 million, a price-to-earnings ratio of 17.41 and a beta of 0.60. The business’s 50-day simple moving average is $47.90 and its 200-day simple moving average is $48.69.

Institutional Trading of First Trust Utilities AlphaDEX Fund

Institutional investors and hedge funds have recently made changes to their positions in the business. Integrated Wealth Concepts LLC increased its position 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 acquiring an additional 5,439 shares in the last quarter. Allworth Financial LP boosted its stake in First Trust Utilities AlphaDEX Fund by 3,650.0% in the 2nd 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 period. Capital Square LLC bought a new position in First Trust Utilities AlphaDEX Fund during the 2nd quarter worth about $266,000. Quantinno Capital Management LP raised its stake in shares of First Trust Utilities AlphaDEX Fund by 8.6% in the 1st quarter. Quantinno Capital Management LP now owns 24,988 shares of the company’s stock valued at $1,239,000 after purchasing an additional 1,971 shares during the period. Finally, Gateway Wealth Partners LLC lifted its holdings in shares of First Trust Utilities AlphaDEX Fund by 559.0% in the first quarter. Gateway Wealth Partners LLC now owns 30,104 shares of the company’s stock valued at $1,493,000 after purchasing an additional 25,536 shares in 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.