First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) Sets New 12-Month High – Still a Buy?

First Trust Financials AlphaDEX Fund (NYSEARCA:FXO)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $62.50 and last traded at $62.57, with a volume of 7109 shares changing hands. The stock had previously closed at $61.97.

First Trust Financials AlphaDEX Fund Price Performance

The firm has a 50-day moving average of $59.70 and a 200-day moving average of $59.58. The stock has a market cap of $1.10 billion, a PE ratio of 12.42 and a beta of 0.94.

Institutional Investors Weigh In On First Trust Financials AlphaDEX Fund

Institutional investors have recently added to or reduced their stakes in the stock. Kestra Private Wealth Services LLC raised its position in shares of First Trust Financials AlphaDEX Fund by 5.0% during the first quarter. Kestra Private Wealth Services LLC now owns 3,584 shares of the company’s stock valued at $201,000 after buying an additional 172 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of 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 acquiring an additional 191 shares during the last quarter. KKM Financial LLC boosted its position in shares of 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 acquiring an additional 192 shares during the last quarter. Tudor Financial Inc. grew 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 valued at $830,000 after acquiring an additional 263 shares in the last quarter. Finally, HF Advisory Group LLC grew its stake in First Trust Financials AlphaDEX Fund by 2.5% during the first quarter. HF Advisory Group LLC now owns 11,566 shares of the company’s stock valued at $650,000 after acquiring an additional 286 shares in the last quarter.

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.