First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) Sets New 1-Year High – Time to Buy?

First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $62.89 and last traded at $62.46, with a volume of 46133 shares traded. The stock had previously closed at $62.70.

First Trust Financials AlphaDEX Fund Stock Performance

The firm has a fifty day moving average price of $60.06 and a 200 day moving average price of $59.68. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 12.42 and a beta of 0.93.

Institutional Trading of First Trust Financials AlphaDEX Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Earned Wealth Advisors LLC purchased a new stake in shares of First Trust Financials AlphaDEX Fund in the 4th quarter worth about $15,312,000. WCG Wealth Advisors LLC lifted its holdings in shares of First Trust Financials AlphaDEX Fund by 180.8% in the fourth quarter. WCG Wealth Advisors LLC now owns 294,887 shares of the company’s stock valued at $17,797,000 after purchasing an additional 189,857 shares in the last quarter. Perryman Financial Advisory Inc. AD acquired a new stake in shares of First Trust Financials AlphaDEX Fund in the fourth quarter valued at approximately $9,376,000. Raymond James Financial Inc. grew its position in shares of First Trust Financials AlphaDEX Fund by 8.9% in the third quarter. Raymond James Financial Inc. now owns 1,137,366 shares of the company’s stock valued at $67,548,000 after purchasing an additional 93,231 shares during the last quarter. Finally, Arkadios Wealth Advisors purchased a new position in First Trust Financials AlphaDEX Fund during the fourth quarter worth $3,127,000.

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.