Alpha Cubed Investments LLC purchased a new stake in shares of 1st Tr EXCHANGE/UTILS ALPHADEX FDAN (NYSEARCA:FXU) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 11,629 shares of the company’s stock, valued at approximately $330,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Financial Advocates Investment Management raised its position in 1st Tr EXCHANGE/UTILS ALPHADEX FDAN by 44.1% in the second quarter. Financial Advocates Investment Management now owns 11,790 shares of the company’s stock valued at $310,000 after purchasing an additional 3,610 shares during the period. LifePlan Financial Group Inc purchased a new stake in 1st Tr EXCHANGE/UTILS ALPHADEX FDAN in the second quarter valued at approximately $351,000. Cornerstone Wealth Management LLC purchased a new stake in 1st Tr EXCHANGE/UTILS ALPHADEX FDAN in the second quarter valued at approximately $518,000. Steward Partners Investment Advisory LLC raised its position in 1st Tr EXCHANGE/UTILS ALPHADEX FDAN by 23.8% in the second quarter. Steward Partners Investment Advisory LLC now owns 15,288 shares of the company’s stock valued at $400,000 after purchasing an additional 2,944 shares during the period. Finally, Suntrust Banks Inc. purchased a new stake in 1st Tr EXCHANGE/UTILS ALPHADEX FDAN in the first quarter valued at approximately $550,000.

Shares of NYSEARCA:FXU traded down $0.62 during trading on Friday, hitting $27.28. The company’s stock had a trading volume of 228,803 shares, compared to its average volume of 132,500. 1st Tr EXCHANGE/UTILS ALPHADEX FDAN has a fifty-two week low of $23.46 and a fifty-two week high of $28.51.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Monday, September 17th were paid a $0.0924 dividend. The ex-dividend date of this dividend was Friday, September 14th. This represents a $0.37 annualized dividend and a dividend yield of 1.35%.

About 1st Tr EXCHANGE/UTILS ALPHADEX FDAN

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.

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Institutional Ownership by Quarter for 1st Tr EXCHANGE/UTILS ALPHADEX FDAN (NYSEARCA:FXU)

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