First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) Trading Down 1.3% – Should You Sell?

Shares of First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) were down 1.3% during trading on Wednesday . The company traded as low as $55.66 and last traded at $55.68. Approximately 79,246 shares changed hands during trading, a decline of 85% from the average daily volume of 532,176 shares. The stock had previously closed at $56.41.

First Trust Financials AlphaDEX Fund Price Performance

The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 12.42 and a beta of 1.04. The company’s fifty day simple moving average is $59.87 and its two-hundred day simple moving average is $59.38.

Institutional Investors Weigh In On First Trust Financials AlphaDEX Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC acquired a new position in First Trust Financials AlphaDEX Fund during the 4th quarter valued at about $27,000. Russell Investments Group Ltd. increased its holdings in 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 purchasing an additional 400 shares in the last quarter. Mcguire Capital Advisors Inc. purchased a new stake in shares of First Trust Financials AlphaDEX Fund in the fourth quarter worth approximately $30,000. Fifth Third Bancorp purchased a new stake in shares of First Trust Financials AlphaDEX Fund in the fourth quarter worth approximately $36,000. Finally, Godfrey Financial Associates Inc. bought a new position in shares of First Trust Financials AlphaDEX Fund in the fourth quarter valued at approximately $38,000.

First Trust Financials AlphaDEX Fund Company Profile

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.