First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) Hits New 12-Month High – What’s Next?

First Trust Financials AlphaDEX Fund (NYSEARCA:FXO)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $65.18 and last traded at $65.15, with a volume of 43627 shares. The stock had previously closed at $64.15.

First Trust Financials AlphaDEX Fund Stock Performance

The stock’s 50 day moving average is $60.85 and its 200 day moving average is $59.87. The company has a market capitalization of $1.11 billion, a PE ratio of 12.42 and a beta of 0.94.

Hedge Funds Weigh In On First Trust Financials AlphaDEX Fund

Several institutional investors have recently modified their holdings of the company. HF Advisory Group LLC increased its holdings in shares of First Trust Financials AlphaDEX Fund by 1.9% in the second quarter. HF Advisory Group LLC now owns 11,790 shares of the company’s stock worth $736,000 after buying an additional 224 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in First Trust Financials AlphaDEX Fund by 472.1% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 7,500 shares of the company’s stock valued at $468,000 after acquiring an additional 6,189 shares in the last quarter. TrueWealth Advisors LLC increased its position in shares of First Trust Financials AlphaDEX Fund by 3.7% during the second quarter. TrueWealth Advisors LLC now owns 12,564 shares of the company’s stock valued at $785,000 after buying an additional 449 shares during the period. Pacific Sun Financial Corp grew its holdings in shares of First Trust Financials AlphaDEX Fund by 2.3% during the 1st quarter. Pacific Sun Financial Corp now owns 32,030 shares of the company’s stock worth $1,800,000 after acquiring an additional 720 shares during the period. Finally, Dorsey Wright & Associates bought a new position in First Trust Financials AlphaDEX Fund in the first quarter worth $520,000.

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.