First Trust Financial AlphaDEX Fund (NYSEARCA:FXO) Hits New 1-Year High – What’s Next?

First Trust Financial AlphaDEX Fund (NYSEARCA:FXO)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $55.97 and last traded at $55.95, with a volume of 9668 shares trading hands. The stock had previously closed at $52.69.

First Trust Financial AlphaDEX Fund Price Performance

The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 12.74 and a beta of 1.00. The firm’s 50 day moving average price is $51.90 and its two-hundred day moving average price is $48.95.

Institutional Investors Weigh In On First Trust Financial AlphaDEX Fund

Several hedge funds have recently modified their holdings of the stock. Signature Estate & Investment Advisors LLC purchased a new stake in First Trust Financial AlphaDEX Fund during the second quarter worth about $383,000. Secure Asset Management LLC raised its stake in shares of First Trust Financial AlphaDEX Fund by 115.6% during the 2nd quarter. Secure Asset Management LLC now owns 85,048 shares of the company’s stock worth $3,937,000 after buying an additional 45,600 shares during the last quarter. Private Advisory Group LLC acquired a new position in shares of First Trust Financial AlphaDEX Fund during the 2nd quarter worth $1,270,000. 1858 Wealth Management LLC grew its stake in First Trust Financial AlphaDEX Fund by 9.8% in the 2nd quarter. 1858 Wealth Management LLC now owns 15,795 shares of the company’s stock valued at $731,000 after acquiring an additional 1,413 shares during the last quarter. Finally, CWM LLC grew its stake in First Trust Financial AlphaDEX Fund by 21.0% in the 2nd quarter. CWM LLC now owns 11,689 shares of the company’s stock valued at $541,000 after acquiring an additional 2,028 shares during the last quarter.

About First Trust Financial 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.