First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) Sees Unusually-High Trading Volume – Should You Buy?

Shares of First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) saw an uptick in trading volume on Wednesday . 657,447 shares traded hands during mid-day trading, an increase of 64% from the previous session’s volume of 400,041 shares.The stock last traded at $46.2350 and had previously closed at $46.13.

First Trust Utilities AlphaDEX Fund Price Performance

The stock’s 50-day simple moving average is $45.64 and its 200 day simple moving average is $45.21. The stock has a market capitalization of $1.79 billion, a P/E ratio of 17.41 and a beta of 0.67.

Hedge Funds Weigh In On First Trust Utilities AlphaDEX Fund

Several institutional investors and hedge funds have recently made changes to their positions in the company. HBW Advisory Services LLC boosted its stake in First Trust Utilities AlphaDEX Fund by 23.5% in the 4th quarter. HBW Advisory Services LLC now owns 12,173 shares of the company’s stock valued at $548,000 after purchasing an additional 2,315 shares during the period. U.S. Capital Wealth Advisors LLC boosted its position in shares of First Trust Utilities AlphaDEX Fund by 25.5% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 10,498 shares of the company’s stock valued at $473,000 after acquiring an additional 2,132 shares during the period. Fiduciary Alliance LLC bought a new stake in shares of First Trust Utilities AlphaDEX Fund in the fourth quarter valued at about $2,717,000. Capital Investment Advisory Services LLC grew its stake in shares of First Trust Utilities AlphaDEX Fund by 1,428.1% in the fourth quarter. Capital Investment Advisory Services LLC now owns 2,063 shares of the company’s stock valued at $93,000 after acquiring an additional 1,928 shares in the last quarter. Finally, Flagship Harbor Advisors LLC bought a new position in First Trust Utilities AlphaDEX Fund during the fourth quarter worth about $562,000.

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.