First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) Hits New 52-Week High – Still a Buy?

First Trust Financials AlphaDEX Fund (NYSEARCA:FXO)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $62.89 and last traded at $62.46, with a volume of 46133 shares trading hands. The stock had previously closed at $62.70.

First Trust Financials AlphaDEX Fund Trading Down 0.4%

The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 12.42 and a beta of 0.94. The company’s 50 day simple moving average is $59.93 and its 200-day simple moving average is $59.64.

Institutional Trading of First Trust Financials AlphaDEX Fund

Hedge funds have recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. lifted its position in First Trust Financials AlphaDEX Fund by 282.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,097 shares of the company’s stock worth $247,000 after buying an additional 3,025 shares during the period. Genesee Capital Advisors LLC boosted its stake in First Trust Financials AlphaDEX Fund by 7.9% in the 4th quarter. Genesee Capital Advisors LLC now owns 35,994 shares of the company’s stock worth $2,172,000 after buying an additional 2,650 shares during the last quarter. HF Advisory Group LLC grew its holdings in First Trust Financials AlphaDEX Fund by 176.1% in the 4th quarter. HF Advisory Group LLC now owns 31,860 shares of the company’s stock valued at $1,923,000 after buying an additional 20,319 shares during the period. Nilsine Partners LLC grew its holdings in First Trust Financials AlphaDEX Fund by 5.0% in the 4th 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 period. Finally, Paller Financial Services Inc acquired a new position in shares of First Trust Financials AlphaDEX Fund during the 4th quarter valued at about $2,394,000.

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.