First Trust Financial AlphaDEX Fund (NYSEARCA:FXO) Shares Down 0.3%

First Trust Financial AlphaDEX Fund (NYSEARCA:FXO) was down 0.3% during mid-day trading on Thursday . The company traded as low as $44.55 and last traded at $44.74. Approximately 504,554 shares traded hands during mid-day trading, an increase of 74% from the average daily volume of 290,645 shares. The stock had previously closed at $44.87.

The stock’s fifty day simple moving average is $44.32 and its 200-day simple moving average is $43.77.

Several hedge funds and other institutional investors have recently bought and sold shares of FXO. Morgan Stanley raised its holdings in shares of First Trust Financial AlphaDEX Fund by 6.4% during the second quarter. Morgan Stanley now owns 3,984,025 shares of the company’s stock worth $173,982,000 after purchasing an additional 240,350 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of First Trust Financial AlphaDEX Fund by 14.2% during the second quarter. Wells Fargo & Company MN now owns 2,294,388 shares of the company’s stock worth $100,196,000 after purchasing an additional 285,999 shares during the last quarter. LPL Financial LLC raised its holdings in shares of First Trust Financial AlphaDEX Fund by 22.6% during the second quarter. LPL Financial LLC now owns 1,370,282 shares of the company’s stock worth $59,840,000 after purchasing an additional 252,911 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of First Trust Financial AlphaDEX Fund by 7.3% during the second quarter. Bank of America Corp DE now owns 1,236,184 shares of the company’s stock worth $53,985,000 after purchasing an additional 83,810 shares during the last quarter. Finally, UBS Group AG raised its holdings in shares of First Trust Financial AlphaDEX Fund by 57.8% during the first quarter. UBS Group AG now owns 913,771 shares of the company’s stock worth $38,013,000 after purchasing an additional 334,784 shares during the last quarter.

About First Trust Financial AlphaDEX Fund (NYSEARCA:FXO)

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.

Further Reading: Initial Coin Offerings entail a high degree of risk

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