First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) Trading 0.7% Higher – Here’s What Happened

First Trust Financials AlphaDEX Fund (NYSEARCA:FXO)’s share price shot up 0.7% during trading on Tuesday . The company traded as high as $60.98 and last traded at $60.56. 206,207 shares traded hands during trading, an increase of 14% from the average session volume of 180,387 shares. The stock had previously closed at $60.16.

First Trust Financials AlphaDEX Fund Price Performance

The company has a market capitalization of $2.15 billion, a P/E ratio of 12.42 and a beta of 1.04. The business’s 50-day moving average price is $61.08 and its two-hundred day moving average price is $59.33.

Hedge Funds Weigh In On First Trust Financials AlphaDEX Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC bought a new position in shares of First Trust Financials AlphaDEX Fund during the fourth quarter worth approximately $27,000. Russell Investments Group Ltd. increased its position in First Trust Financials AlphaDEX Fund by 279.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 543 shares of the company’s stock valued at $30,000 after acquiring an additional 400 shares during the period. Fifth Third Bancorp acquired a new stake in First Trust Financials AlphaDEX Fund during the 4th quarter valued at approximately $36,000. Godfrey Financial Associates Inc. bought a new position in shares of First Trust Financials AlphaDEX Fund during the 4th quarter worth approximately $38,000. Finally, Providence Capital Advisors LLC bought a new stake in First Trust Financials AlphaDEX Fund in the 3rd quarter valued at about $41,000.

First Trust Financials 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. The AMEX constructs the StrataQuant Financials Index by ranking the stocks, which are members of the Russell 1000 Index on growth factors, including three, six and 12-month price appreciation, sales to price and one year sales growth, and, separately, on value factors, including book value to price, cash flow to price and return on assets.