First Trust Financial AlphaDEX Fund (NYSEARCA:FXO) Sees Strong Trading Volume

First Trust Financial AlphaDEX Fund (NYSEARCA:FXO) shares saw an uptick in trading volume on Tuesday . 115,743 shares were traded during trading, an increase of 31% from the previous session’s volume of 88,488 shares.The stock last traded at $45.77 and had previously closed at $45.49.

First Trust Financial AlphaDEX Fund Trading Down 0.8 %

The stock has a market cap of $844.77 million, a PE ratio of 12.24 and a beta of 1.14. The company’s 50 day moving average is $45.43 and its 200-day moving average is $42.43.

Hedge Funds Weigh In On First Trust Financial AlphaDEX Fund

Several institutional investors and hedge funds have recently made changes to their positions in the business. Global Retirement Partners LLC lifted its position in shares of First Trust Financial AlphaDEX Fund by 3.9% during the first quarter. Global Retirement Partners LLC now owns 6,659 shares of the company’s stock worth $316,000 after purchasing an additional 253 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in First Trust Financial AlphaDEX Fund by 57.6% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 480,563 shares of the company’s stock worth $22,836,000 after buying an additional 175,641 shares during the last quarter. Raymond James & Associates increased its holdings in shares of First Trust Financial AlphaDEX Fund by 12.4% in the 1st quarter. Raymond James & Associates now owns 325,706 shares of the company’s stock valued at $15,478,000 after acquiring an additional 35,969 shares during the last quarter. Monument Capital Management raised its position in shares of First Trust Financial AlphaDEX Fund by 459.6% during the 1st quarter. Monument Capital Management now owns 81,366 shares of the company’s stock valued at $3,867,000 after acquiring an additional 66,825 shares in the last quarter. Finally, Choice Wealth Advisors LLC lifted its stake in First Trust Financial AlphaDEX Fund by 12.5% during the first quarter. Choice Wealth Advisors LLC now owns 42,467 shares of the company’s stock worth $2,018,000 after purchasing an additional 4,732 shares during the last quarter.

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.