First Trust Financial AlphaDEX Fund (NYSEARCA:FXO) Trading 1.4% Higher

First Trust Financial AlphaDEX Fund (NYSEARCA:FXO)’s stock price rose 1.4% during trading on Monday . The stock traded as high as $45.69 and last traded at $45.49. Approximately 73,604 shares traded hands during mid-day trading, a decline of 17% from the average daily volume of 88,194 shares. The stock had previously closed at $44.85.

First Trust Financial AlphaDEX Fund Price Performance

The company’s 50-day moving average price is $45.39 and its two-hundred day moving average price is $42.40. The company has a market capitalization of $851.26 million, a P/E ratio of 12.24 and a beta of 1.14.

Institutional Investors Weigh In On First Trust Financial AlphaDEX Fund

Institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC acquired a new stake in First Trust Financial AlphaDEX Fund during the 4th quarter worth approximately $83,525,000. Raymond James Financial Services Advisors Inc. increased its position in First Trust Financial AlphaDEX Fund by 57.6% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 480,563 shares of the company’s stock worth $22,836,000 after buying an additional 175,641 shares during the period. Vestmark Advisory Solutions Inc. acquired a new stake in shares of First Trust Financial AlphaDEX Fund during the third quarter worth $3,861,000. IronBridge Private Wealth LLC bought a new stake in shares of First Trust Financial AlphaDEX Fund in the third quarter valued at about $3,653,000. Finally, Navellier & Associates Inc. acquired a new position in shares of First Trust Financial AlphaDEX Fund in the third quarter valued at about $3,196,000.

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.