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

First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $50.58 and last traded at $50.2940, with a volume of 32421 shares changing hands. The stock had previously closed at $50.09.

First Trust Utilities AlphaDEX Fund Stock Down 0.0%

The firm’s fifty day moving average price is $45.96 and its 200 day moving average price is $45.70. The stock has a market cap of $871.41 million, a PE ratio of 17.41 and a beta of 0.67.

Institutional Investors Weigh In On First Trust Utilities AlphaDEX Fund

A number of institutional investors and hedge funds have recently modified their holdings of FXU. Rothschild Investment LLC bought a new position in shares of First Trust Utilities AlphaDEX Fund in the third quarter worth about $25,000. Blair William & Co. IL increased its stake in shares of First Trust Utilities AlphaDEX Fund by 204.2% during the third quarter. Blair William & Co. IL now owns 794 shares of the company’s stock valued at $36,000 after buying an additional 533 shares during the period. Smartleaf Asset Management LLC purchased a new stake in First Trust Utilities AlphaDEX Fund in the fourth quarter worth about $44,000. Glassman Wealth Services purchased a new position in First Trust Utilities AlphaDEX Fund during the 4th quarter valued at about $45,000. Finally, Triumph Capital Management purchased a new stake in shares of First Trust Utilities AlphaDEX Fund in the 3rd quarter worth approximately $46,000.

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.