First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) Reaches New 52-Week Low – What’s Next?

First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) reached a new 52-week low on Wednesday. The stock traded as low as $43.40 and last traded at $44.12, with a volume of 329863 shares trading hands. The stock had previously closed at $43.62.

First Trust Utilities AlphaDEX Fund Trading Up 0.5%

The stock has a 50 day simple moving average of $47.10 and a 200-day simple moving average of $48.40. The firm has a market cap of $732.39 million, a P/E ratio of 17.41 and a beta of 0.60.

Institutional Investors Weigh In On First Trust Utilities AlphaDEX Fund

Several large investors have recently bought and sold shares of the business. Envestnet Portfolio Solutions Inc. raised its stake in First Trust Utilities AlphaDEX Fund by 106.8% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 29,309 shares of the company’s stock valued at $1,446,000 after purchasing an additional 15,136 shares in the last quarter. Integrated Wealth Concepts LLC lifted its position in 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 valued at $2,271,000 after purchasing an additional 5,439 shares during the last quarter. Allworth Financial LP grew its stake in shares of 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 buying an additional 1,460 shares in the last quarter. Capital Square LLC purchased a new position in shares of First Trust Utilities AlphaDEX Fund in the 2nd quarter worth $266,000. Finally, Quantinno Capital Management LP increased its holdings 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 worth $1,239,000 after buying an additional 1,971 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.