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

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

First Trust Financial AlphaDEX Fund Stock Up 0.1 %

The company’s fifty day moving average is $53.76 and its 200-day moving average is $50.00. The company has a market cap of $1.09 billion, a PE ratio of 12.74 and a beta of 1.00.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of FXO. Concurrent Investment Advisors LLC raised its position in First Trust Financial AlphaDEX Fund by 3.6% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 45,840 shares of the company’s stock worth $2,122,000 after purchasing an additional 1,612 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in First Trust Financial AlphaDEX Fund by 39.9% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 103,048 shares of the company’s stock valued at $4,770,000 after acquiring an additional 29,370 shares during the last quarter. Financial Advocates Investment Management lifted its position in First Trust Financial AlphaDEX Fund by 3.9% during the second quarter. Financial Advocates Investment Management now owns 7,019 shares of the company’s stock valued at $325,000 after acquiring an additional 266 shares during the last quarter. Harbour Investments Inc. raised its holdings in shares of First Trust Financial AlphaDEX Fund by 3.9% in the second quarter. Harbour Investments Inc. now owns 26,594 shares of the company’s stock worth $1,231,000 after buying an additional 1,005 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC purchased a new position in shares of First Trust Financial AlphaDEX Fund in the second quarter worth $383,000.

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.