First Trust Financial AlphaDEX Fund (NYSEARCA:FXO) Sees Strong Trading Volume – What’s Next?

Posted by ABMN Staff on Jan 5th, 2025

First Trust Financial AlphaDEX Fund (NYSEARCA:FXO – Get Free Report) saw unusually-strong trading volume on Friday . Approximately 507,627 shares changed hands during trading, an increase of 6% from the previous session’s volume of 480,984 shares.The stock last traded at $54.22 and had previously closed at $53.99.

First Trust Financial AlphaDEX Fund Price Performance

The firm has a market cap of $1.01 billion, a P/E ratio of 12.74 and a beta of 1.00. The stock’s 50-day simple moving average is $55.77 and its two-hundred day simple moving average is $51.76.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. JPMorgan Chase & Co. increased its stake in First Trust Financial AlphaDEX Fund by 501.0% in the third quarter. JPMorgan Chase & Co. now owns 2,885 shares of the company’s stock worth $148,000 after purchasing an additional 2,405 shares during the period. Garden State Investment Advisory Services LLC purchased a new position in First Trust Financial AlphaDEX Fund in the 3rd quarter worth about $1,106,000. World Investment Advisors LLC increased its stake in First Trust Financial AlphaDEX Fund by 32.2% in the 3rd quarter. World Investment Advisors LLC now owns 12,510 shares of the company’s stock worth $640,000 after buying an additional 3,049 shares during the period. Sanctuary Advisors LLC boosted its position in First Trust Financial AlphaDEX Fund by 128.4% in the 3rd quarter. Sanctuary Advisors LLC now owns 23,879 shares of the company’s stock valued at $1,221,000 after buying an additional 13,424 shares during the period. Finally, MML Investors Services LLC boosted its position in First Trust Financial AlphaDEX Fund by 1.0% in the 3rd quarter. MML Investors Services LLC now owns 57,262 shares of the company’s stock valued at $2,928,000 after buying an additional 542 shares during the period.

First Trust Financial AlphaDEX Fund Company Profile

(Get Free Report)

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.