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

Shares of First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) reached a new 52-week high during trading on Monday . The company traded as high as $65.80 and last traded at $65.64, with a volume of 2424 shares traded. The stock had previously closed at $65.04.

First Trust Financials AlphaDEX Fund Trading Up 0.8%

The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 12.42 and a beta of 0.94. The firm’s 50-day moving average is $61.69 and its two-hundred day moving average is $60.05.

Institutional Investors Weigh In On First Trust Financials AlphaDEX Fund

Several large investors have recently bought and sold shares of FXO. Russell Investments Group Ltd. raised its holdings in shares of First Trust Financials AlphaDEX Fund by 279.7% during the second quarter. Russell Investments Group Ltd. now owns 543 shares of the company’s stock valued at $30,000 after acquiring an additional 400 shares during the last quarter. Raymond James Financial Inc. boosted its stake in shares of First Trust Financials AlphaDEX Fund by 6.6% in the second quarter. Raymond James Financial Inc. now owns 1,044,135 shares of the company’s stock worth $58,534,000 after acquiring an additional 64,918 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of First Trust Financials AlphaDEX Fund by 2.8% during the second quarter. Ameriprise Financial Inc. now owns 328,983 shares of the company’s stock worth $18,441,000 after purchasing an additional 9,080 shares in the last quarter. Benjamin Edwards Inc. increased its position in shares of First Trust Financials AlphaDEX Fund by 30.7% during the second quarter. Benjamin Edwards Inc. now owns 211,051 shares of the company’s stock worth $11,832,000 after purchasing an additional 49,599 shares in the last quarter. Finally, MML Investors Services LLC raised its stake in First Trust Financials AlphaDEX Fund by 4.6% in the 2nd quarter. MML Investors Services LLC now owns 91,489 shares of the company’s stock valued at $5,129,000 after purchasing an additional 4,009 shares during 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.