First Trust Financial AlphaDEX Fund (NYSEARCA:FXO) Sees Large Volume Increase – Still a Buy?

First Trust Financial AlphaDEX Fund (NYSEARCA:FXO) saw unusually-strong trading volume on Wednesday . Approximately 50,770 shares traded hands during trading, a decline of 29% from the previous session’s volume of 71,594 shares.The stock last traded at $56.53 and had previously closed at $56.28.

First Trust Financial AlphaDEX Fund Price Performance

The company has a 50-day moving average of $54.95 and a two-hundred day moving average of $50.69. The company has a market capitalization of $1.05 billion, a PE ratio of 12.74 and a beta of 1.00.

Institutional Investors Weigh In On First Trust Financial AlphaDEX Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Ashton Thomas Private Wealth LLC bought a new stake in shares of First Trust Financial AlphaDEX Fund in the second quarter worth about $93,000. FMR LLC increased its holdings in shares of First Trust Financial AlphaDEX Fund by 49.9% in the third quarter. FMR LLC now owns 2,480 shares of the company’s stock worth $127,000 after purchasing an additional 826 shares during the last quarter. Benjamin Edwards Inc. increased its holdings in shares of First Trust Financial AlphaDEX Fund by 14.4% in the second quarter. Benjamin Edwards Inc. now owns 2,794 shares of the company’s stock worth $129,000 after purchasing an additional 351 shares during the last quarter. Bellwether Advisors LLC bought a new stake in shares of First Trust Financial AlphaDEX Fund in the third quarter worth about $208,000. Finally, Stonebridge Financial Planning Group LLC bought a new stake in shares of First Trust Financial AlphaDEX Fund in the third quarter worth about $210,000.

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.