First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) Shares Down 0.9% – Time to Sell?

First Trust Financials AlphaDEX Fund (NYSEARCA:FXO)’s share price dropped 0.9% during mid-day trading on Wednesday. The stock traded as low as $60.81 and last traded at $61.10. Approximately 85,954 shares changed hands during trading, a decline of 54% from the average session volume of 188,856 shares. The stock had previously closed at $61.68.

First Trust Financials AlphaDEX Fund Price Performance

The business’s 50 day simple moving average is $64.79 and its 200 day simple moving average is $61.92. The company has a market capitalization of $1.02 billion, a PE ratio of 12.42 and a beta of 0.94.

Institutional Trading of First Trust Financials AlphaDEX Fund

Several institutional investors have recently made changes to their positions in the company. Security National Bank of Sioux City Iowa IA acquired a new position in shares of First Trust Financials AlphaDEX Fund in the 2nd quarter valued at $124,000. IFP Advisors Inc raised its holdings in First Trust Financials AlphaDEX Fund by 1.7% in the 2nd quarter. IFP Advisors Inc now owns 23,208 shares of the company’s stock valued at $1,450,000 after buying an additional 385 shares during the period. Ameritas Advisory Services LLC raised its holdings in First Trust Financials AlphaDEX Fund by 62.1% in the 2nd quarter. Ameritas Advisory Services LLC now owns 17,083 shares of the company’s stock valued at $1,067,000 after buying an additional 6,547 shares during the period. Concurrent Investment Advisors LLC lifted its position in First Trust Financials AlphaDEX Fund by 1.7% in the second quarter. Concurrent Investment Advisors LLC now owns 32,847 shares of the company’s stock valued at $2,052,000 after buying an additional 553 shares during the last quarter. Finally, Trust Co. of Vermont acquired a new position in First Trust Financials AlphaDEX Fund in the second quarter valued at about $26,000.

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.