First Trust Financial AlphaDEX Fund (NYSEARCA:FXO) Shares Down 0.1% – What’s Next?

Shares of First Trust Financial AlphaDEX Fund (NYSEARCA:FXO) fell 0.1% on Wednesday . The stock traded as low as $54.01 and last traded at $54.13. 107,815 shares traded hands during mid-day trading, a decline of 43% from the average session volume of 187,849 shares. The stock had previously closed at $54.16.

First Trust Financial AlphaDEX Fund Stock Performance

The stock has a market cap of $1.00 billion, a P/E ratio of 12.74 and a beta of 1.00. The business has a 50 day simple moving average of $55.73 and a 200-day simple moving average of $51.66.

Hedge Funds Weigh In On First Trust Financial AlphaDEX Fund

Several institutional investors have recently added to or reduced their stakes in the stock. Plotkin Financial Advisors LLC purchased a new stake in First Trust Financial AlphaDEX Fund in the third quarter worth $1,779,000. LPL Financial LLC increased its holdings in First Trust Financial AlphaDEX Fund by 2.4% in the 2nd quarter. LPL Financial LLC now owns 1,384,081 shares of the company’s stock worth $64,069,000 after acquiring an additional 31,882 shares during the last quarter. Onyx Bridge Wealth Group LLC bought a new stake in First Trust Financial AlphaDEX Fund in the 3rd quarter valued at about $1,509,000. Schrum Private Wealth Management LLC raised its position in shares of First Trust Financial AlphaDEX Fund by 100.0% in the third quarter. Schrum Private Wealth Management LLC now owns 51,436 shares of the company’s stock valued at $2,630,000 after purchasing an additional 25,718 shares during the period. Finally, Kingsview Wealth Management LLC lifted its stake in shares of First Trust Financial AlphaDEX Fund by 347.3% during the 3rd quarter. Kingsview Wealth Management LLC now owns 28,767 shares of the company’s stock valued at $1,471,000 after buying an additional 22,336 shares in the last quarter.

First Trust Financial 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.