First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) Hits New 12-Month High – Here’s What Happened

First Trust Financials AlphaDEX Fund (NYSEARCA:FXOGet Free Report)’s share price hit a new 52-week high on Monday . The stock traded as high as $65.80 and last traded at $65.64, with a volume of 2424 shares trading hands. The stock had previously closed at $65.04.

First Trust Financials AlphaDEX Fund Trading Up 0.8%

The company has a market cap of $1.13 billion, a price-to-earnings ratio of 12.42 and a beta of 0.94. The business has a fifty day moving average of $61.69 and a two-hundred day moving average of $60.05.

Institutional Trading of First Trust Financials AlphaDEX Fund

A number of institutional investors and hedge funds have recently made changes to their positions in FXO. Allspring Global Investments Holdings LLC purchased a new position in shares of First Trust Financials AlphaDEX Fund during the 4th quarter valued at approximately $27,000. Russell Investments Group Ltd. increased its holdings in First Trust Financials AlphaDEX Fund by 279.7% in 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 position in First Trust Financials AlphaDEX Fund during the fourth quarter worth $30,000. Fifth Third Bancorp acquired a new position in First Trust Financials AlphaDEX Fund during the fourth quarter worth $36,000. Finally, Godfrey Financial Associates Inc. acquired a new position in First Trust Financials AlphaDEX Fund during the fourth quarter worth $38,000.

About First Trust Financials AlphaDEX Fund

(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. 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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