First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) Share Price Breaks Above 200-Day Moving Average – What’s Next?

First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU)’s stock price crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $48.17 and traded as high as $48.72. First Trust Utilities AlphaDEX Fund shares last traded at $48.33, with a volume of 222,056 shares traded.

First Trust Utilities AlphaDEX Fund Stock Performance

The firm’s 50-day moving average is $46.23 and its 200 day moving average is $48.17. The firm has a market capitalization of $768.45 million, a PE ratio of 17.41 and a beta of 0.59.

Institutional Trading of First Trust Utilities AlphaDEX Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Compass Financial Management LLC increased its position in First Trust Utilities AlphaDEX Fund by 3,024.7% during the 3rd quarter. Compass Financial Management LLC now owns 4,562 shares of the company’s stock worth $200,000 after purchasing an additional 4,416 shares in the last quarter. Signature Equity Partners LLC boosted its stake in shares of First Trust Utilities AlphaDEX Fund by 2,958.5% during the 3rd quarter. Signature Equity Partners LLC now owns 1,621 shares of the company’s stock worth $71,000 after purchasing an additional 1,568 shares during the last quarter. MGO One Seven LLC boosted its stake in shares of First Trust Utilities AlphaDEX Fund by 4.2% during the 3rd quarter. MGO One Seven LLC now owns 6,316 shares of the company’s stock worth $277,000 after purchasing an additional 254 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of First Trust Utilities AlphaDEX Fund by 26.3% during the third quarter. International Assets Investment Management LLC now owns 14,900 shares of the company’s stock worth $654,000 after buying an additional 3,103 shares in the last quarter. Finally, D.A. Davidson & CO. purchased a new stake in shares of First Trust Utilities AlphaDEX Fund during the third quarter worth about $1,198,000.

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.