First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) Stock Price Down 1.3% – Should You Sell?

First Trust Financials AlphaDEX Fund (NYSEARCA:FXO)’s share price traded down 1.3% during trading on Wednesday . The stock traded as low as $55.66 and last traded at $55.68. 79,246 shares changed hands during trading, a decline of 85% from the average session volume of 532,176 shares. The stock had previously closed at $56.41.

First Trust Financials AlphaDEX Fund Stock Performance

The business has a 50 day simple moving average of $59.87 and a two-hundred day simple moving average of $59.38. The firm has a market capitalization of $1.97 billion, a P/E ratio of 12.42 and a beta of 1.04.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC purchased a new stake in First Trust Financials AlphaDEX Fund in the fourth quarter valued at approximately $27,000. Russell Investments Group Ltd. grew its stake in 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 buying an additional 400 shares in the last quarter. Mcguire Capital Advisors Inc. purchased a new position in First Trust Financials AlphaDEX Fund in the 4th quarter worth approximately $30,000. Fifth Third Bancorp bought a new position in shares of First Trust Financials AlphaDEX Fund in the 4th quarter worth $36,000. Finally, Godfrey Financial Associates Inc. bought a new position in shares of First Trust Financials AlphaDEX Fund in the 4th quarter worth $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.