First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) Shares Down 3.3% – Here’s What Happened

First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) was down 3.3% during mid-day trading on Friday . The company traded as low as $47.94 and last traded at $48.11. Approximately 1,290,551 shares traded hands during trading, an increase of 40% from the average daily volume of 922,736 shares. The stock had previously closed at $49.77.

First Trust Utilities AlphaDEX Fund Price Performance

The company has a market capitalization of $837.11 million, a PE ratio of 17.41 and a beta of 0.67. The firm’s fifty day simple moving average is $48.41 and its 200 day simple moving average is $46.60.

Institutional Trading of First Trust Utilities AlphaDEX Fund

Hedge funds have recently modified their holdings of the stock. Mercer Global Advisors Inc. ADV acquired a new stake in First Trust Utilities AlphaDEX Fund during the fourth quarter worth about $214,000. Quadrature Capital Ltd acquired a new position in First Trust Utilities AlphaDEX Fund in the fourth quarter valued at approximately $6,001,000. Gotham Asset Management LLC purchased a new stake in First Trust Utilities AlphaDEX Fund in the 4th quarter worth approximately $356,000. Asset One Wealth Management LLC purchased a new stake in First Trust Utilities AlphaDEX Fund in the 4th quarter worth approximately $622,000. Finally, Cetera Investment Advisers grew its stake in shares of First Trust Utilities AlphaDEX Fund by 64.6% during the 4th quarter. Cetera Investment Advisers now owns 296,097 shares of the company’s stock worth $13,327,000 after purchasing an additional 116,240 shares during the period.

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.