First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) Stock Price Down 1.1% – Should You Sell?

First Trust Financials AlphaDEX Fund (NYSEARCA:FXO)’s share price fell 1.1% on Wednesday . The stock traded as low as $59.34 and last traded at $59.47. 73,767 shares changed hands during trading, a decline of 80% from the average session volume of 373,933 shares. The stock had previously closed at $60.11.

First Trust Financials AlphaDEX Fund Price Performance

The stock has a market capitalization of $1.07 billion, a P/E ratio of 12.42 and a beta of 0.97. The company’s 50 day simple moving average is $57.96 and its two-hundred day simple moving average is $59.09.

Institutional Trading of First Trust Financials AlphaDEX Fund

Several large investors have recently added to or reduced their stakes in FXO. O Dell Group LLC grew its stake in shares of First Trust Financials AlphaDEX Fund by 2.5% during the third quarter. O Dell Group LLC now owns 303,770 shares of the company’s stock valued at $18,041,000 after purchasing an additional 7,320 shares during the last quarter. Retirement Planning Group LLC bought a new stake in shares of First Trust Financials AlphaDEX Fund during the third quarter valued at approximately $283,000. Kesler Norman & Wride LLC grew its stake in shares of First Trust Financials AlphaDEX Fund by 9.5% during the third quarter. Kesler Norman & Wride LLC now owns 7,839 shares of the company’s stock valued at $424,000 after purchasing an additional 682 shares during the last quarter. CX Institutional grew its stake in shares of First Trust Financials AlphaDEX Fund by 186.6% during the third quarter. CX Institutional now owns 13,139 shares of the company’s stock valued at $780,000 after purchasing an additional 8,554 shares during the last quarter. Finally, Park Avenue Securities LLC grew its stake in shares of First Trust Financials AlphaDEX Fund by 5.1% during the third quarter. Park Avenue Securities LLC now owns 8,538 shares of the company’s stock valued at $507,000 after purchasing an additional 413 shares during the last quarter.

First Trust Financials AlphaDEX Fund Company Profile

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.