First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) Hits New 1-Year High – Here’s Why

First Trust Financials AlphaDEX Fund (NYSEARCA:FXO)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $65.80 and last traded at $65.64, with a volume of 2424 shares. The stock had previously closed at $65.04.

First Trust Financials AlphaDEX Fund Price Performance

The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 12.42 and a beta of 0.94. The stock has a fifty day simple moving average of $61.99 and a 200-day simple moving average of $60.11.

Hedge Funds Weigh In On First Trust Financials AlphaDEX Fund

Several institutional investors have recently made changes to their positions in FXO. Allspring Global Investments Holdings LLC acquired a new position in shares of First Trust Financials AlphaDEX Fund in the 4th quarter valued at $27,000. Russell Investments Group Ltd. grew its position in 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 period. Mcguire Capital Advisors Inc. acquired a new stake in First Trust Financials AlphaDEX Fund during the fourth quarter valued at $30,000. Fifth Third Bancorp purchased a new position in First Trust Financials AlphaDEX Fund in the fourth quarter valued at $36,000. Finally, Godfrey Financial Associates Inc. purchased a new position in First Trust Financials AlphaDEX Fund in the fourth quarter valued at $38,000.

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.