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

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

First Trust Financial AlphaDEX Fund Trading Up 0.0 %

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

Hedge Funds Weigh In On First Trust Financial AlphaDEX Fund

Several 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 approximately $42,000. Ashton Thomas Private Wealth LLC purchased a new position in First Trust Financial AlphaDEX Fund during the 2nd quarter worth $93,000. FMR LLC raised its position in First Trust Financial AlphaDEX Fund by 49.9% during the 3rd quarter. FMR LLC now owns 2,480 shares of the company’s stock valued at $127,000 after purchasing an additional 826 shares in the last quarter. Benjamin Edwards Inc. raised its position in First Trust Financial AlphaDEX Fund by 14.4% during the 2nd quarter. Benjamin Edwards Inc. now owns 2,794 shares of the company’s stock valued at $129,000 after purchasing an additional 351 shares in the last quarter. Finally, Bellwether Advisors LLC bought a new position in shares of First Trust Financial AlphaDEX Fund during the 3rd quarter worth $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.