First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) Hits New 1-Year High – Here’s What Happened

First Trust Financials AlphaDEX Fund (NYSEARCA:FXO)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $66.88 and last traded at $66.91, with a volume of 24179 shares trading hands. The stock had previously closed at $66.46.

First Trust Financials AlphaDEX Fund Stock Up 0.7%

The firm has a market capitalization of $1.15 billion, a PE ratio of 12.42 and a beta of 0.94. The company has a 50-day moving average of $62.52 and a 200 day moving average of $60.25.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of FXO. 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. raised its position in shares of First Trust Financials AlphaDEX Fund by 279.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 543 shares of the company’s stock valued at $30,000 after buying an additional 400 shares in the last quarter. Mcguire Capital Advisors Inc. bought a new stake in shares of First Trust Financials AlphaDEX Fund during the 4th quarter worth $30,000. Fifth Third Bancorp bought a new stake in shares of First Trust Financials AlphaDEX Fund during the 4th quarter worth $36,000. Finally, Godfrey Financial Associates Inc. purchased a new position in First Trust Financials AlphaDEX Fund in the fourth 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.