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

First Trust Financials AlphaDEX Fund (NYSEARCA:FXO)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $65.18 and last traded at $65.15, with a volume of 43627 shares. The stock had previously closed at $64.15.

First Trust Financials AlphaDEX Fund Price Performance

The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 12.42 and a beta of 0.94. The firm’s 50-day simple moving average is $60.85 and its 200 day simple moving average is $59.87.

Hedge Funds Weigh In On First Trust Financials AlphaDEX Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC acquired a new stake in First Trust Financials AlphaDEX Fund during the 4th quarter worth about $27,000. Mcguire Capital Advisors Inc. acquired a new position in shares of First Trust Financials AlphaDEX Fund during the fourth quarter worth approximately $30,000. Russell Investments Group Ltd. lifted its stake in shares of First Trust Financials AlphaDEX Fund by 279.7% in the second quarter. Russell Investments Group Ltd. now owns 543 shares of the company’s stock valued at $30,000 after buying an additional 400 shares in the last quarter. Fifth Third Bancorp acquired a new position in First Trust Financials AlphaDEX Fund during the 4th quarter valued at about $36,000. Finally, Godfrey Financial Associates Inc. purchased a new stake in First Trust Financials AlphaDEX Fund in the 4th quarter valued at $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.