First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) Reaches New 12-Month High – What’s Next?

First Trust Financials AlphaDEX Fund (NYSEARCA:FXO)’s share price reached 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 traded. The stock had previously closed at $63.95.

First Trust Financials AlphaDEX Fund Trading Up 0.9%

The stock has a market capitalization of $1.09 billion, a PE ratio of 12.42 and a beta of 0.94. The firm’s fifty day moving average price is $60.24 and its two-hundred day moving average price is $59.73.

Institutional Trading of First Trust Financials AlphaDEX Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC purchased a new position in First Trust Financials AlphaDEX Fund in the fourth quarter valued at $27,000. Russell Investments Group Ltd. boosted its stake in shares of First Trust Financials AlphaDEX Fund by 279.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 543 shares of the company’s stock worth $30,000 after acquiring an additional 400 shares in the last quarter. Mcguire Capital Advisors Inc. acquired a new stake in shares of First Trust Financials AlphaDEX Fund during the 4th quarter valued at about $30,000. Fifth Third Bancorp acquired a new stake in shares of First Trust Financials AlphaDEX Fund during the 4th quarter valued at about $36,000. Finally, Godfrey Financial Associates Inc. acquired a new stake in shares of First Trust Financials AlphaDEX Fund during the 4th quarter valued at about $38,000.

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.