First Trust Financial AlphaDEX Fund (NYSEARCA:FXO) Stock Price Up 0.4% – Here’s What Happened

First Trust Financial AlphaDEX Fund (NYSEARCA:FXO) shares rose 0.4% during mid-day trading on Friday . The company traded as high as $56.85 and last traded at $56.73. Approximately 301,061 shares were traded during mid-day trading, a decline of 8% from the average daily volume of 325,971 shares. The stock had previously closed at $56.49.

First Trust Financial AlphaDEX Fund Price Performance

The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 12.74 and a beta of 1.00. The stock has a 50-day moving average price of $55.84 and a 200-day moving average price of $52.69.

Hedge Funds Weigh In On First Trust Financial AlphaDEX Fund

A number of large investors have recently made changes to their positions in the company. HFG Advisors Inc. bought a new position in shares of First Trust Financial AlphaDEX Fund during the fourth quarter worth approximately $1,167,000. DAVENPORT & Co LLC increased its stake in shares of First Trust Financial AlphaDEX Fund by 37.5% during the fourth quarter. DAVENPORT & Co LLC now owns 15,928 shares of the company’s stock worth $862,000 after purchasing an additional 4,342 shares during the period. TriaGen Wealth Management LLC bought a new position in shares of First Trust Financial AlphaDEX Fund during the fourth quarter worth approximately $1,301,000. Crews Bank & Trust bought a new position in shares of First Trust Financial AlphaDEX Fund during the fourth quarter worth approximately $54,000. Finally, OLD National Bancorp IN bought a new position in First Trust Financial AlphaDEX Fund during the 4th quarter worth $205,000.

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.