First Trust Financial AlphaDEX Fund (NYSEARCA:FXO) Sees Strong Trading Volume

Shares of First Trust Financial AlphaDEX Fund (NYSEARCA:FXO) saw unusually-strong trading volume on Tuesday . Approximately 115,743 shares were traded during trading, an increase of 31% from the previous session’s volume of 88,488 shares.The stock last traded at $45.77 and had previously closed at $45.49.

First Trust Financial AlphaDEX Fund Trading Up 0.7 %

The stock has a market cap of $849.78 million, a P/E ratio of 12.24 and a beta of 1.14. The firm’s fifty day moving average is $45.33 and its 200 day moving average is $42.34.

Institutional Trading of First Trust Financial AlphaDEX Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vestmark Advisory Solutions Inc. acquired a new stake in First Trust Financial AlphaDEX Fund in the 3rd quarter worth $3,861,000. Park Avenue Securities LLC acquired a new stake in shares of First Trust Financial AlphaDEX Fund during the 3rd quarter valued at about $279,000. Cutter & CO Brokerage Inc. boosted its position in shares of First Trust Financial AlphaDEX Fund by 5.5% during the 3rd quarter. Cutter & CO Brokerage Inc. now owns 21,231 shares of the company’s stock valued at $803,000 after acquiring an additional 1,106 shares in the last quarter. SFI Advisors LLC boosted its position in shares of First Trust Financial AlphaDEX Fund by 4.7% during the 3rd quarter. SFI Advisors LLC now owns 112,191 shares of the company’s stock valued at $4,244,000 after acquiring an additional 5,044 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its position in shares of First Trust Financial AlphaDEX Fund by 9.9% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 82,917 shares of the company’s stock valued at $3,137,000 after acquiring an additional 7,484 shares in the last quarter.

First Trust Financial 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.