First Trust Financial AlphaDEX Fund (NYSEARCA:FXO) Trading Down 0.6% – Here’s Why

First Trust Financial AlphaDEX Fund (NYSEARCA:FXO)’s stock price dropped 0.6% during trading on Tuesday . The company traded as low as $52.59 and last traded at $52.74. Approximately 136,875 shares were traded during trading, a decline of 36% from the average daily volume of 212,748 shares. The stock had previously closed at $53.08.

First Trust Financial AlphaDEX Fund Stock Performance

The business has a fifty day simple moving average of $54.98 and a 200 day simple moving average of $54.24. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of 12.35 and a beta of 1.16.

Institutional Investors Weigh In On First Trust Financial AlphaDEX Fund

Several hedge funds have recently made changes to their positions in FXO. Huntington National Bank boosted its holdings in shares of First Trust Financial AlphaDEX Fund by 570.6% during the fourth quarter. Huntington National Bank now owns 456 shares of the company’s stock worth $25,000 after purchasing an additional 388 shares during the last quarter. Crews Bank & Trust acquired a new stake in shares of First Trust Financial AlphaDEX Fund during the fourth quarter worth $54,000. Horizon Bancorp Inc. IN boosted its holdings in shares of First Trust Financial AlphaDEX Fund by 22.8% during the fourth quarter. Horizon Bancorp Inc. IN now owns 1,334 shares of the company’s stock worth $72,000 after purchasing an additional 248 shares during the last quarter. US Bancorp DE boosted its holdings in shares of First Trust Financial AlphaDEX Fund by 17.0% during the fourth quarter. US Bancorp DE now owns 1,356 shares of the company’s stock worth $73,000 after purchasing an additional 197 shares during the last quarter. Finally, Aptus Capital Advisors LLC raised its position in shares of First Trust Financial AlphaDEX Fund by 5,531.3% in the 4th quarter. Aptus Capital Advisors LLC now owns 1,802 shares of the company’s stock worth $98,000 after buying an additional 1,770 shares during the period.

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.