First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) Sets New 1-Year High – Here’s What Happened

First Trust Financials AlphaDEX Fund (NYSEARCA:FXO)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $64.57 and last traded at $64.52, with a volume of 116753 shares changing hands. The stock had previously closed at $63.95.

First Trust Financials AlphaDEX Fund Stock Performance

The business’s 50 day moving average is $60.41 and its 200 day moving average is $59.77. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 12.42 and a beta of 0.94.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of First Trust Financials AlphaDEX Fund by 472.1% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 7,500 shares of the company’s stock valued at $468,000 after buying an additional 6,189 shares during the last quarter. TrueWealth Advisors LLC raised its stake in First Trust Financials AlphaDEX Fund by 3.7% in the 2nd quarter. TrueWealth Advisors LLC now owns 12,564 shares of the company’s stock worth $785,000 after acquiring an additional 449 shares during the last quarter. Pacific Sun Financial Corp raised its stake in First Trust Financials AlphaDEX Fund by 2.3% in the 1st quarter. Pacific Sun Financial Corp now owns 32,030 shares of the company’s stock worth $1,800,000 after acquiring an additional 720 shares during the last quarter. Dorsey Wright & Associates acquired a new stake in First Trust Financials AlphaDEX Fund during the 1st quarter worth about $520,000. Finally, Geneos Wealth Management Inc. lifted its position in First Trust Financials AlphaDEX Fund by 15.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 16,031 shares of the company’s stock worth $901,000 after acquiring an additional 2,107 shares during the period.

About First Trust Financials 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. 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.