First Trust Financial AlphaDEX Fund (NYSEARCA:FXO) Trading Up 0.2% – Here’s What Happened

First Trust Financial AlphaDEX Fund (NYSEARCA:FXO) shares were up 0.2% on Friday . The company traded as high as $56.35 and last traded at $56.16. Approximately 163,321 shares traded hands during mid-day trading, a decline of 32% from the average daily volume of 239,907 shares. The stock had previously closed at $56.05.

First Trust Financial AlphaDEX Fund Stock Performance

The business has a fifty day moving average price of $55.41 and a 200 day moving average price of $53.47. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 12.74 and a beta of 1.00.

Hedge Funds Weigh In On First Trust Financial AlphaDEX Fund

A number of institutional investors have recently made changes to their positions in FXO. Global Retirement Partners LLC grew its position in First Trust Financial AlphaDEX Fund by 8.9% in the 3rd quarter. Global Retirement Partners LLC now owns 7,223 shares of the company’s stock worth $369,000 after purchasing an additional 590 shares during the last quarter. 1858 Wealth Management LLC increased its position in First Trust Financial AlphaDEX Fund by 10.3% in the 3rd quarter. 1858 Wealth Management LLC now owns 17,425 shares of the company’s stock valued at $891,000 after acquiring an additional 1,630 shares during the period. Private Advisor Group LLC raised its stake in First Trust Financial AlphaDEX Fund by 5.7% during the 3rd quarter. Private Advisor Group LLC now owns 18,543 shares of the company’s stock valued at $948,000 after acquiring an additional 1,003 shares in the last quarter. J.W. Cole Advisors Inc. boosted its position in First Trust Financial AlphaDEX Fund by 2.3% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 10,437 shares of the company’s stock worth $534,000 after acquiring an additional 237 shares during the period. Finally, Concurrent Investment Advisors LLC grew its stake in shares of First Trust Financial AlphaDEX Fund by 4.5% in the third quarter. Concurrent Investment Advisors LLC now owns 47,882 shares of the company’s stock worth $2,448,000 after purchasing an additional 2,042 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.