First Trust Financial AlphaDEX Fund (NYSEARCA:FXO) Sees Large Volume Increase – Here’s Why

First Trust Financial AlphaDEX Fund (NYSEARCA:FXO) saw unusually-strong trading volume on Friday . Approximately 507,627 shares were traded during mid-day trading, an increase of 6% from the previous session’s volume of 480,984 shares.The stock last traded at $54.22 and had previously closed at $53.99.

First Trust Financial AlphaDEX Fund Stock Up 0.7 %

The business’s 50 day moving average is $55.73 and its 200-day moving average is $51.66. The firm has a market cap of $1.01 billion, a P/E ratio of 12.74 and a beta of 1.00.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Commonwealth Equity Services LLC increased its stake in First Trust Financial AlphaDEX Fund by 3.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 167,501 shares of the company’s stock valued at $7,754,000 after buying an additional 5,382 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in shares of First Trust Financial AlphaDEX Fund during the 2nd quarter worth $93,000. LPL Financial LLC raised its holdings in shares of First Trust Financial AlphaDEX Fund by 2.4% during the 2nd quarter. LPL Financial LLC now owns 1,384,081 shares of the company’s stock valued at $64,069,000 after purchasing an additional 31,882 shares in the last quarter. CoreCap Advisors LLC acquired a new position in First Trust Financial AlphaDEX Fund during the second quarter worth $386,000. Finally, Leelyn Smith LLC bought a new position in shares of First Trust Financial AlphaDEX Fund in the 2nd quarter valued at approximately $559,000.

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.