First Trust Financial AlphaDEX Fund (NYSEARCA:FXO) Trading Down 0.6% – What’s Next?

First Trust Financial AlphaDEX Fund (NYSEARCA:FXO) shares were down 0.6% during trading on Tuesday . The company traded as low as $52.59 and last traded at $52.74. Approximately 136,875 shares changed hands during mid-day trading, a decline of 36% from the average daily volume of 212,748 shares. The stock had previously closed at $53.08.

First Trust Financial AlphaDEX Fund Trading Down 0.1 %

The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 12.70 and a beta of 1.16. The stock’s 50 day moving average is $54.95 and its 200 day moving average is $54.23.

Hedge Funds Weigh In On First Trust Financial AlphaDEX Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. US Bancorp DE lifted its position in shares of First Trust Financial AlphaDEX Fund by 17.0% during the fourth quarter. US Bancorp DE now owns 1,356 shares of the company’s stock valued at $73,000 after purchasing an additional 197 shares in the last quarter. Kingsview Wealth Management LLC lifted its holdings in shares of First Trust Financial AlphaDEX Fund by 0.8% in the 4th quarter. Kingsview Wealth Management LLC now owns 28,991 shares of the company’s stock worth $1,569,000 after acquiring an additional 224 shares during the last quarter. Horizon Bancorp Inc. IN increased its stake in shares of First Trust Financial AlphaDEX Fund by 22.8% in the fourth quarter. Horizon Bancorp Inc. IN now owns 1,334 shares of the company’s stock worth $72,000 after buying an additional 248 shares during the period. Park Avenue Securities LLC increased its stake in shares of First Trust Financial AlphaDEX Fund by 4.8% in the fourth quarter. Park Avenue Securities LLC now owns 5,831 shares of the company’s stock worth $316,000 after buying an additional 265 shares during the period. Finally, Signature Estate & Investment Advisors LLC increased its stake in shares of First Trust Financial AlphaDEX Fund by 4.8% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 8,138 shares of the company’s stock worth $440,000 after buying an additional 374 shares during the period.

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.