First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) Sets New 12-Month High – Here’s What Happened

First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) reached a new 52-week high on Thursday . The stock traded as high as $62.50 and last traded at $62.57, with a volume of 7109 shares traded. The stock had previously closed at $61.97.

First Trust Financials AlphaDEX Fund Trading Up 1.5%

The business has a 50 day simple moving average of $59.81 and a 200-day simple moving average of $59.61. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 12.42 and a beta of 0.94.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of FXO. Kestra Private Wealth Services LLC grew its holdings in First Trust Financials AlphaDEX Fund by 5.0% in the first quarter. Kestra Private Wealth Services LLC now owns 3,584 shares of the company’s stock valued at $201,000 after purchasing an additional 172 shares during the period. PNC Financial Services Group Inc. increased its position in First Trust Financials AlphaDEX Fund by 2.2% during the third quarter. PNC Financial Services Group Inc. now owns 8,724 shares of the company’s stock worth $518,000 after purchasing an additional 191 shares during the last quarter. KKM Financial LLC raised its stake in First Trust Financials AlphaDEX Fund by 1.5% during the third quarter. KKM Financial LLC now owns 13,101 shares of the company’s stock worth $778,000 after purchasing an additional 192 shares during the period. Tudor Financial Inc. raised its stake in First Trust Financials AlphaDEX Fund by 1.9% during the fourth quarter. Tudor Financial Inc. now owns 13,757 shares of the company’s stock worth $830,000 after purchasing an additional 263 shares during the period. Finally, HF Advisory Group LLC boosted its holdings in shares of First Trust Financials AlphaDEX Fund by 2.5% in the 1st quarter. HF Advisory Group LLC now owns 11,566 shares of the company’s stock valued at $650,000 after purchasing an additional 286 shares during the last quarter.

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.