First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) Trading Down 1.3% – What’s Next?

First Trust Financials AlphaDEX Fund (NYSEARCA:FXO)’s share price fell 1.3% during trading on Wednesday . The company traded as low as $55.66 and last traded at $55.68. 79,246 shares changed hands during trading, a decline of 85% from the average session volume of 532,176 shares. The stock had previously closed at $56.41.

First Trust Financials AlphaDEX Fund Stock Down 0.4%

The firm has a market capitalization of $1.96 billion, a P/E ratio of 12.42 and a beta of 1.04. The business’s 50 day moving average is $59.74 and its 200-day moving average is $59.35.

Institutional Trading of First Trust Financials AlphaDEX Fund

Several hedge funds have recently modified their holdings of FXO. Raymond James Financial Inc. lifted its stake in shares of First Trust Financials AlphaDEX Fund by 8.9% in the third quarter. Raymond James Financial Inc. now owns 1,137,366 shares of the company’s stock valued at $67,548,000 after buying an additional 93,231 shares in the last quarter. UBS Group AG raised its stake in shares of First Trust Financials AlphaDEX Fund by 2.8% in the fourth quarter. UBS Group AG now owns 508,721 shares of the company’s stock worth $30,701,000 after purchasing an additional 13,915 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of First Trust Financials AlphaDEX Fund by 5.2% in the second quarter. NewEdge Advisors LLC now owns 387,950 shares of the company’s stock valued at $21,748,000 after purchasing an additional 19,002 shares in the last quarter. Nilsine Partners LLC boosted its position in shares of First Trust Financials AlphaDEX Fund by 5.0% during the fourth quarter. Nilsine Partners LLC now owns 366,047 shares of the company’s stock valued at $22,091,000 after buying an additional 17,325 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in First Trust Financials AlphaDEX Fund by 2.8% during the second quarter. Ameriprise Financial Inc. now owns 328,983 shares of the company’s stock worth $18,441,000 after buying an additional 9,080 shares in the last quarter.

First Trust Financials 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. The AMEX constructs the StrataQuant Financials Index by ranking the stocks, which are members of the Russell 1000 Index on growth factors, including three, six and 12-month price appreciation, sales to price and one year sales growth, and, separately, on value factors, including book value to price, cash flow to price and return on assets.