First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) Sets New 52-Week High – Here’s What Happened

First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $50.70 and last traded at $50.3740, with a volume of 65093 shares. The stock had previously closed at $50.45.

First Trust Utilities AlphaDEX Fund Trading Down 0.0%

The firm has a 50 day moving average of $46.67 and a two-hundred day moving average of $45.94. The company has a market cap of $877.59 million, a PE ratio of 17.41 and a beta of 0.67.

Hedge Funds Weigh In On First Trust Utilities AlphaDEX Fund

A number of hedge funds have recently modified their holdings of the company. First Trust Advisors LP increased its stake in First Trust Utilities AlphaDEX Fund by 5.3% in the 4th quarter. First Trust Advisors LP now owns 16,901,242 shares of the company’s stock worth $760,725,000 after acquiring an additional 849,177 shares during the last quarter. Raymond James Financial Inc. grew its holdings in shares of First Trust Utilities AlphaDEX Fund by 86.0% in the second quarter. Raymond James Financial Inc. now owns 824,969 shares of the company’s stock worth $34,962,000 after purchasing an additional 381,462 shares during the last quarter. Earned Wealth Advisors LLC purchased a new position in shares of First Trust Utilities AlphaDEX Fund during the fourth quarter worth approximately $16,812,000. Rockport Wealth LLC purchased a new position in First Trust Utilities AlphaDEX Fund during the 2nd quarter worth $15,580,000. Finally, Beacon Harbor Wealth Advisors Inc. bought a new stake in shares of First Trust Utilities AlphaDEX Fund in the second quarter valued at about $11,154,000.

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.