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

First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU)’s share price rose 0.6% on Thursday . The stock traded as high as $48.00 and last traded at $47.84. Approximately 184,800 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 610,396 shares. The stock had previously closed at $47.56.

First Trust Utilities AlphaDEX Fund Trading Up 0.6%

The company has a market cap of $863.51 million, a PE ratio of 17.41 and a beta of 0.61. The firm has a 50 day moving average of $48.98 and a two-hundred day moving average of $47.81.

Institutional Trading of First Trust Utilities AlphaDEX Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. First Trust Advisors LP grew its stake in shares of First Trust Utilities AlphaDEX Fund by 5.3% in the 4th quarter. First Trust Advisors LP now owns 16,901,242 shares of the company’s stock worth $760,725,000 after buying an additional 849,177 shares during the last quarter. Morgan Stanley grew its stake in shares of First Trust Utilities AlphaDEX Fund by 7.2% in the 4th quarter. Morgan Stanley now owns 3,172,178 shares of the company’s stock worth $142,780,000 after buying an additional 213,428 shares during the last quarter. LPL Financial LLC boosted its stake in First Trust Utilities AlphaDEX Fund by 8.5% during the 4th quarter. LPL Financial LLC now owns 1,707,256 shares of the company’s stock valued at $76,844,000 after purchasing an additional 134,092 shares during the last quarter. Raymond James Financial Inc. boosted its stake in First Trust Utilities AlphaDEX Fund by 13.0% during the 3rd quarter. Raymond James Financial Inc. now owns 932,394 shares of the company’s stock valued at $42,377,000 after purchasing an additional 107,425 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in First Trust Utilities AlphaDEX Fund by 10.9% during the 3rd quarter. Bank of America Corp DE now owns 861,617 shares of the company’s stock valued at $39,161,000 after purchasing an additional 84,697 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.