First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) Shares Down 0.7% – Here’s What Happened

First Trust Financials AlphaDEX Fund (NYSEARCA:FXOGet Free Report) traded down 0.7% during mid-day trading on Friday . The company traded as low as $66.45 and last traded at $66.53. 92,770 shares traded hands during trading, a decline of 55% from the average daily volume of 206,055 shares. The stock had previously closed at $66.98.

First Trust Financials AlphaDEX Fund Price Performance

The firm has a market cap of $1.14 billion, a P/E ratio of 12.42 and a beta of 0.93. The firm’s 50 day moving average is $65.41 and its 200 day moving average is $61.14.

Institutional Trading of First Trust Financials AlphaDEX Fund

Several institutional investors have recently bought and sold shares of the company. Trust Co. of Vermont purchased a new stake in First Trust Financials AlphaDEX Fund in the second quarter worth approximately $26,000. Mcguire Capital Advisors Inc. purchased a new stake in First Trust Financials AlphaDEX Fund during the 4th quarter valued at $30,000. Russell Investments Group Ltd. raised its stake in First Trust Financials AlphaDEX Fund by 279.7% during the 2nd 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. Fifth Third Bancorp bought a new position in shares of First Trust Financials AlphaDEX Fund during the 4th quarter valued at $36,000. Finally, Godfrey Financial Associates Inc. bought a new position in shares of First Trust Financials AlphaDEX Fund during the 4th quarter valued at $38,000.

First Trust Financials AlphaDEX Fund Company Profile

(Get Free Report)

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.

Further Reading

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