First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) Stock Crosses Above 200 Day Moving Average – Here’s Why

First Trust Utilities AlphaDEX Fund (NYSEARCA:FXU) shares passed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $48.24 and traded as high as $48.71. First Trust Utilities AlphaDEX Fund shares last traded at $48.48, with a volume of 218,137 shares traded.

First Trust Utilities AlphaDEX Fund Price Performance

The stock has a market capitalization of $762.00 million, a P/E ratio of 16.95 and a beta of 0.58. The company’s 50 day simple moving average is $46.39 and its two-hundred day simple moving average is $48.26.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Private Advisor Group LLC acquired a new stake in shares of First Trust Utilities AlphaDEX Fund in the 3rd quarter valued at approximately $1,294,000. HighTower Advisors LLC acquired a new stake in shares of First Trust Utilities AlphaDEX Fund in the 3rd quarter valued at about $294,000. Harbour Investments Inc. acquired a new stake in shares of First Trust Utilities AlphaDEX Fund in the 3rd quarter valued at about $3,030,000. StoneX Group Inc. bought a new stake in shares of First Trust Utilities AlphaDEX Fund in the third quarter valued at about $426,000. Finally, Parallel Advisors LLC lifted its holdings in shares of First Trust Utilities AlphaDEX Fund by 25.0% in the third quarter. Parallel Advisors LLC now owns 9,484 shares of the company’s stock valued at $417,000 after purchasing an additional 1,898 shares in the last quarter.

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.