First Trust Financial AlphaDEX Fund (NYSEARCA:FXO) Sets New 1-Year High – Time to Buy?

First Trust Financial AlphaDEX Fund (NYSEARCA:FXO) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $54.18 and last traded at $54.18, with a volume of 4149 shares trading hands. The stock had previously closed at $53.67.

First Trust Financial AlphaDEX Fund Trading Down 0.2 %

The business has a 50-day moving average price of $50.73 and a 200 day moving average price of $48.10. The stock has a market cap of $1.00 billion, a PE ratio of 12.74 and a beta of 1.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of First Trust Financial AlphaDEX Fund during the second quarter valued at about $42,000. VitalStone Financial LLC boosted its stake in shares of First Trust Financial AlphaDEX Fund by 35.1% in the 1st quarter. VitalStone Financial LLC now owns 1,597 shares of the company’s stock valued at $76,000 after purchasing an additional 415 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in First Trust Financial AlphaDEX Fund in the 2nd quarter worth $93,000. Benjamin Edwards Inc. lifted its stake in First Trust Financial AlphaDEX Fund by 117.5% in the first quarter. Benjamin Edwards Inc. now owns 2,443 shares of the company’s stock worth $116,000 after purchasing an additional 1,320 shares during the last quarter. Finally, Purus Wealth Management LLC purchased a new stake in First Trust Financial AlphaDEX Fund during the first quarter valued at about $210,000.

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.