First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) Sets New 12-Month High – Here’s What Happened

Shares of First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $66.88 and last traded at $66.91, with a volume of 24179 shares changing hands. The stock had previously closed at $66.46.

First Trust Financials AlphaDEX Fund Price Performance

The business has a 50-day simple moving average of $62.83 and a two-hundred day simple moving average of $60.33. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 12.42 and a beta of 0.93.

Institutional Investors Weigh In On First Trust Financials AlphaDEX Fund

Hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. lifted its stake in shares of First Trust Financials AlphaDEX Fund by 8.9% during the 3rd quarter. Raymond James Financial Inc. now owns 1,137,366 shares of the company’s stock worth $67,548,000 after buying an additional 93,231 shares during the last quarter. UBS Group AG lifted its position in First Trust Financials AlphaDEX Fund by 2.8% during the fourth quarter. UBS Group AG now owns 508,721 shares of the company’s stock worth $30,701,000 after acquiring an additional 13,915 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of First Trust Financials AlphaDEX Fund by 2.8% during the second quarter. Ameriprise Financial Inc. now owns 328,983 shares of the company’s stock worth $18,441,000 after acquiring an additional 9,080 shares during the period. WCG Wealth Advisors LLC grew its position in shares of First Trust Financials AlphaDEX Fund by 180.8% in the fourth quarter. WCG Wealth Advisors LLC now owns 294,887 shares of the company’s stock valued at $17,797,000 after purchasing an additional 189,857 shares during the last quarter. Finally, Earned Wealth Advisors LLC bought a new position in shares of First Trust Financials AlphaDEX Fund during the fourth quarter worth approximately $15,312,000.

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. 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.