First Trust Financial AlphaDEX Fund (NYSEARCA:FXO) Shares Down 0.8% – Time to Sell?

First Trust Financial AlphaDEX Fund (NYSEARCA:FXO) shares fell 0.8% during trading on Tuesday . The company traded as low as $45.26 and last traded at $45.90. 246,268 shares were traded during mid-day trading, an increase of 4% from the average session volume of 237,649 shares. The stock had previously closed at $46.27.

First Trust Financial AlphaDEX Fund Trading Down 0.8 %

The stock has a 50 day moving average of $53.72 and a 200-day moving average of $54.35. The company has a market capitalization of $1.85 billion, a P/E ratio of 11.16 and a beta of 1.02.

Institutional Investors Weigh In On First Trust Financial AlphaDEX Fund

Several institutional investors have recently modified their holdings of the stock. Certified Advisory Corp boosted its holdings in shares of First Trust Financial AlphaDEX Fund by 5.9% in the fourth quarter. Certified Advisory Corp now owns 25,626 shares of the company’s stock valued at $1,387,000 after purchasing an additional 1,420 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its position in First Trust Financial AlphaDEX Fund by 1,489.2% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 14,303 shares of the company’s stock valued at $774,000 after buying an additional 13,403 shares in the last quarter. Horizon Bancorp Inc. IN raised its position in shares of First Trust Financial AlphaDEX Fund by 22.8% in the 4th quarter. Horizon Bancorp Inc. IN now owns 1,334 shares of the company’s stock valued at $72,000 after purchasing an additional 248 shares during the last quarter. Davis Investment Partners LLC purchased a new stake in shares of First Trust Financial AlphaDEX Fund during the fourth quarter valued at $970,000. Finally, International Assets Investment Management LLC acquired a new position in shares of First Trust Financial AlphaDEX Fund in the fourth quarter valued at about $2,247,000.

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.