First Trust Financial AlphaDEX Fund (NYSEARCA:FXO) Sets New 52-Week High – Time to Buy?

Shares of First Trust Financial AlphaDEX Fund (NYSEARCA:FXO) hit a new 52-week high during trading on Wednesday . The company traded as high as $59.36 and last traded at $59.24, with a volume of 15017 shares. The stock had previously closed at $58.86.

First Trust Financial AlphaDEX Fund Price Performance

The firm has a market capitalization of $1.09 billion, a P/E ratio of 12.74 and a beta of 1.00. The company’s 50-day simple moving average is $53.60 and its two-hundred day simple moving average is $49.94.

Institutional Investors Weigh In On First Trust Financial AlphaDEX Fund

Several institutional investors and hedge funds have recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new position in First Trust Financial AlphaDEX Fund during the 2nd quarter valued at approximately $42,000. Ashton Thomas Private Wealth LLC purchased a new position in First Trust Financial AlphaDEX Fund in the second quarter worth about $93,000. FMR LLC increased its stake in First Trust Financial AlphaDEX Fund by 49.9% during the third quarter. FMR LLC now owns 2,480 shares of the company’s stock worth $127,000 after acquiring an additional 826 shares during the last quarter. Benjamin Edwards Inc. raised its position in First Trust Financial AlphaDEX Fund by 14.4% during the second quarter. Benjamin Edwards Inc. now owns 2,794 shares of the company’s stock valued at $129,000 after purchasing an additional 351 shares during the period. Finally, Bellwether Advisors LLC purchased a new position in shares of First Trust Financial AlphaDEX Fund in the 3rd quarter worth approximately $208,000.

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.