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

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

First Trust Financials AlphaDEX Fund Stock Down 0.4%

The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 12.42 and a beta of 0.94. The firm’s 50 day moving average is $59.93 and its two-hundred day moving average is $59.64.

Hedge Funds Weigh In On First Trust Financials AlphaDEX Fund

Several institutional investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC acquired a new stake in shares of First Trust Financials AlphaDEX Fund during the 4th quarter worth approximately $27,000. Russell Investments Group Ltd. lifted its holdings in shares of First Trust Financials AlphaDEX Fund by 279.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 543 shares of the company’s stock worth $30,000 after purchasing an additional 400 shares during the last quarter. Mcguire Capital Advisors Inc. acquired a new position in First Trust Financials AlphaDEX Fund during the 4th quarter valued at approximately $30,000. Fifth Third Bancorp acquired a new position in First Trust Financials AlphaDEX Fund during the 4th quarter valued at approximately $36,000. Finally, Godfrey Financial Associates Inc. bought a new position in First Trust Financials AlphaDEX Fund during the 4th quarter worth $38,000.

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.