First Trust Financial AlphaDEX Fund (NYSEARCA:FXO) Hits New 12-Month High – Time to Buy?

First Trust Financial AlphaDEX Fund (NYSEARCA:FXO)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $55.97 and last traded at $55.95, with a volume of 9668 shares trading hands. The stock had previously closed at $52.69.

First Trust Financial AlphaDEX Fund Stock Up 0.6 %

The firm has a 50 day moving average price of $51.90 and a 200 day moving average price of $48.95. The stock has a market cap of $1.04 billion, a PE ratio of 12.74 and a beta of 1.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FXO. Stonebridge Financial Planning Group LLC purchased a new position in First Trust Financial AlphaDEX Fund in the third quarter worth $210,000. Bellwether Advisors LLC acquired a new position in shares of First Trust Financial AlphaDEX Fund in the 3rd quarter valued at about $208,000. Schrum Private Wealth Management LLC lifted its stake in shares of First Trust Financial AlphaDEX Fund by 100.0% in the 3rd quarter. Schrum Private Wealth Management LLC now owns 51,436 shares of the company’s stock valued at $2,630,000 after purchasing an additional 25,718 shares during the period. Atria Investments Inc raised its position in shares of First Trust Financial AlphaDEX Fund by 116.1% in the third quarter. Atria Investments Inc now owns 20,791 shares of the company’s stock worth $1,063,000 after acquiring an additional 11,170 shares during the period. Finally, Concurrent Investment Advisors LLC boosted its stake in shares of First Trust Financial AlphaDEX Fund by 4.5% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 47,882 shares of the company’s stock worth $2,448,000 after acquiring an additional 2,042 shares in the last quarter.

About First Trust Financial 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.