First Trust Financials AlphaDEX Fund (NYSEARCA:FXO – Get Free Report) reached a new 52-week high during trading on Thursday . The stock traded as high as $62.50 and last traded at $62.57, with a volume of 7109 shares traded. The stock had previously closed at $61.97.
First Trust Financials AlphaDEX Fund Stock Performance
The stock has a 50-day simple moving average of $59.70 and a two-hundred day simple moving average of $59.58. The firm has a market cap of $1.10 billion, a PE ratio of 12.42 and a beta of 0.94.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. Pacific Sun Financial Corp lifted its position in First Trust Financials AlphaDEX Fund by 2.3% during the first quarter. Pacific Sun Financial Corp now owns 32,030 shares of the company’s stock valued at $1,800,000 after purchasing an additional 720 shares during the period. Dorsey Wright & Associates purchased a new stake in First Trust Financials AlphaDEX Fund during the 1st quarter valued at $520,000. Geneos Wealth Management Inc. raised its stake 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 valued at $901,000 after buying an additional 2,107 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of First Trust Financials AlphaDEX Fund by 2,333.9% during the 1st quarter. Fifth Third Bancorp now owns 14,701 shares of the company’s stock valued at $826,000 after buying an additional 14,097 shares during the period. Finally, Quantum Portfolio Management LLC lifted its holdings in shares of First Trust Financials AlphaDEX Fund by 14.9% during the 1st quarter. Quantum Portfolio Management LLC now owns 5,253 shares of the company’s stock valued at $295,000 after buying an additional 682 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.
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