First Trust Financial AlphaDEX Fund (NYSEARCA:FXO) Hits New 12-Month High – Time to Buy?

by · The Cerbat Gem

First Trust Financial AlphaDEX Fund (NYSEARCA:FXO – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $54.18 and last traded at $54.18, with a volume of 4149 shares changing hands. The stock had previously closed at $53.67.

First Trust Financial AlphaDEX Fund Stock Up 0.7 %

The company’s fifty day moving average price is $50.33 and its 200 day moving average price is $47.97. The company has a market capitalization of $1.00 billion, a P/E ratio of 12.74 and a beta of 1.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Purus Wealth Management LLC bought a new stake in First Trust Financial AlphaDEX Fund in the 1st quarter worth $210,000. Choice Wealth Advisors LLC boosted its position in shares of First Trust Financial AlphaDEX Fund by 12.5% during the first quarter. Choice Wealth Advisors LLC now owns 42,467 shares of the company’s stock worth $2,018,000 after acquiring an additional 4,732 shares during the last quarter. Monument Capital Management boosted its position in shares of First Trust Financial AlphaDEX Fund by 459.6% during the first quarter. Monument Capital Management now owns 81,366 shares of the company’s stock worth $3,867,000 after acquiring an additional 66,825 shares during the last quarter. Benjamin Edwards Inc. raised its stake in First Trust Financial AlphaDEX Fund by 117.5% during the first quarter. Benjamin Edwards Inc. now owns 2,443 shares of the company’s stock valued at $116,000 after purchasing an additional 1,320 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in shares of First Trust Financial AlphaDEX Fund by 16.8% in the first quarter. Commonwealth Equity Services LLC now owns 162,119 shares of the company’s stock valued at $7,704,000 after acquiring an additional 23,266 shares during the period.

First Trust Financial AlphaDEX Fund Company Profile

(Get Free Report)

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.

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