First Trust Financial AlphaDEX Fund (NYSEARCA:FXO) Stock Price Up 1.4%

First Trust Financial AlphaDEX Fund (NYSEARCA:FXO)’s stock price rose 1.4% during mid-day trading on Monday . The stock traded as high as $45.69 and last traded at $45.49. Approximately 73,604 shares were traded during trading, a decline of 17% from the average daily volume of 88,194 shares. The stock had previously closed at $44.85.

First Trust Financial AlphaDEX Fund Price Performance

The company has a fifty day simple moving average of $45.33 and a two-hundred day simple moving average of $42.34. The company has a market capitalization of $843.84 million, a P/E ratio of 12.24 and a beta of 1.14.

Hedge Funds Weigh In On First Trust Financial AlphaDEX Fund

Institutional investors have recently bought and sold shares of the stock. VitalStone Financial LLC raised its holdings in First Trust Financial AlphaDEX Fund by 326.7% during the fourth quarter. VitalStone Financial LLC now owns 1,182 shares of the company’s stock valued at $51,000 after buying an additional 905 shares in the last quarter. Tidemark LLC bought a new position in First Trust Financial AlphaDEX Fund during the fourth quarter valued at about $71,000. Northwest Financial Advisors bought a new position in First Trust Financial AlphaDEX Fund during the fourth quarter valued at about $76,000. Fortitude Family Office LLC bought a new position in First Trust Financial AlphaDEX Fund during the fourth quarter valued at about $79,000. Finally, Concourse Financial Group Securities Inc. raised its holdings in First Trust Financial AlphaDEX Fund by 87.1% during the fourth quarter. Concourse Financial Group Securities Inc. now owns 2,391 shares of the company’s stock valued at $104,000 after buying an additional 1,113 shares in the last quarter.

About First Trust Financial 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.