First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) Shares Up 0.2% – Should You Buy?

First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU)’s share price rose 0.2% on Thursday . The stock traded as high as $50.02 and last traded at $49.69. Approximately 173,209 shares were traded during mid-day trading, a decline of 70% from the average session volume of 573,540 shares. The stock had previously closed at $49.60.

First Trust Utilities AlphaDEX Fund Stock Up 0.2%

The company has a market cap of $896.90 million, a PE ratio of 17.41 and a beta of 0.61. The stock has a 50-day moving average of $48.52 and a 200-day moving average of $48.02.

Institutional Trading of First Trust Utilities AlphaDEX Fund

Several institutional investors and hedge funds have recently modified their holdings of FXU. Royal Bank of Canada boosted its position in shares of First Trust Utilities AlphaDEX Fund by 919.6% during the 1st quarter. Royal Bank of Canada now owns 146,985 shares of the company’s stock valued at $6,028,000 after acquiring an additional 132,569 shares during the last quarter. Jane Street Group LLC bought a new position in shares of First Trust Utilities AlphaDEX Fund in the first quarter worth approximately $832,000. JPMorgan Chase & Co. increased its position in shares of First Trust Utilities AlphaDEX Fund by 8.3% in the second quarter. JPMorgan Chase & Co. now owns 3,667 shares of the company’s stock worth $155,000 after purchasing an additional 280 shares during the last quarter. Marshall Wace LLP purchased a new stake in First Trust Utilities AlphaDEX Fund in the second quarter valued at approximately $609,000. Finally, Qube Research & Technologies Ltd purchased a new stake in First Trust Utilities AlphaDEX Fund in the second quarter valued at approximately $840,000.

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.