First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) Sets New 1-Year High – Time to Buy?

First Trust Financials AlphaDEX Fund (NYSEARCA:FXO)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $59.45 and last traded at $59.42, with a volume of 26504 shares traded. The stock had previously closed at $59.28.

First Trust Financials AlphaDEX Fund Stock Down 0.1%

The stock has a market cap of $2.28 billion, a PE ratio of 12.42 and a beta of 1.11. The stock has a 50-day moving average of $57.10 and a 200 day moving average of $54.19.

Hedge Funds Weigh In On First Trust Financials AlphaDEX Fund

Institutional investors have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. grew its stake in shares of First Trust Financials AlphaDEX Fund by 2.6% in the first quarter. Geneos Wealth Management Inc. now owns 9,599 shares of the company’s stock valued at $509,000 after buying an additional 243 shares in the last quarter. Wagner Wealth Management LLC grew its stake in shares of First Trust Financials AlphaDEX Fund by 1.0% in the first quarter. Wagner Wealth Management LLC now owns 26,842 shares of the company’s stock valued at $1,423,000 after buying an additional 264 shares in the last quarter. J.W. Cole Advisors Inc. grew its stake in shares of First Trust Financials AlphaDEX Fund by 1.6% in the second quarter. J.W. Cole Advisors Inc. now owns 17,990 shares of the company’s stock valued at $1,009,000 after buying an additional 292 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of First Trust Financials AlphaDEX Fund by 3.7% in the second quarter. PNC Financial Services Group Inc. now owns 8,533 shares of the company’s stock valued at $478,000 after buying an additional 307 shares in the last quarter. Finally, Private Trust Co. NA grew its stake in shares of First Trust Financials AlphaDEX Fund by 31.1% in the second quarter. Private Trust Co. NA now owns 1,390 shares of the company’s stock valued at $78,000 after buying an additional 330 shares in the last quarter.

First Trust Financials AlphaDEX Fund Company Profile

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.