First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) Hits New 1-Year High – What’s Next?

First Trust Financials AlphaDEX Fund (NYSEARCA:FXO)’s stock price hit a new 52-week high on Monday . The company traded as high as $61.84 and last traded at $62.09, with a volume of 8968 shares changing hands. The stock had previously closed at $60.70.

First Trust Financials AlphaDEX Fund Stock Performance

The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 12.42 and a beta of 1.04. The company’s 50-day moving average is $59.24 and its 200-day moving average is $58.31.

Institutional Trading of First Trust Financials AlphaDEX Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. lifted its holdings in First Trust Financials AlphaDEX Fund by 279.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 543 shares of the company’s stock worth $30,000 after buying an additional 400 shares in the last quarter. Providence Capital Advisors LLC bought a new stake in shares of First Trust Financials AlphaDEX Fund during the third quarter worth $41,000. Creative Financial Designs Inc. ADV acquired a new position in shares of First Trust Financials AlphaDEX Fund during the second quarter valued at $56,000. Motco bought a new position in First Trust Financials AlphaDEX Fund in the second quarter valued at about $63,000. Finally, Twin Peaks Wealth Advisors LLC bought a new position in First Trust Financials AlphaDEX Fund in the second quarter valued at about $65,000.

About First Trust Financials AlphaDEX Fund

First Trust Financials AlphaDEX Fund (the Fund) is an exchange-traded fund. It seeks investment results that correspond generally to the price and yield of an equity index called the StrataQuant Financials Index (the Index). The StrataQuant Financials 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 StrataQuant Financials Index by ranking the stocks, which are members of the Russell 1000 Index on growth factors, including three, six 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.