First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) Hits New 1-Year High – What’s Next?

First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) hit a new 52-week high during trading on Tuesday . The company traded as high as $61.81 and last traded at $61.6460, with a volume of 857 shares changing hands. The stock had previously closed at $61.10.

First Trust Financials AlphaDEX Fund Price Performance

The stock has a market cap of $2.27 billion, a P/E ratio of 12.42 and a beta of 1.04. The business’s fifty day moving average price is $58.54 and its 200 day moving average price is $57.86.

Institutional Investors Weigh In On First Trust Financials AlphaDEX Fund

Several hedge funds and other institutional investors have recently modified their holdings of FXO. Russell Investments Group Ltd. raised its position in shares of First Trust Financials AlphaDEX Fund by 279.7% during the second quarter. Russell Investments Group Ltd. now owns 543 shares of the company’s stock valued at $30,000 after buying an additional 400 shares during the last quarter. Providence Capital Advisors LLC purchased a new stake in First Trust Financials AlphaDEX Fund in the 3rd quarter valued at about $41,000. Creative Financial Designs Inc. ADV purchased a new stake in First Trust Financials AlphaDEX Fund in the 2nd quarter valued at about $56,000. Motco bought a new position in First Trust Financials AlphaDEX Fund in the 2nd quarter worth about $63,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in shares of First Trust Financials AlphaDEX Fund during the second quarter worth approximately $65,000.

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.