First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) Stock Falls 0.9% – Should You Sell?

by · The Markets Daily

First Trust Financials AlphaDEX Fund (NYSEARCA:FXO – Get Free Report)’s share price fell 0.9% during mid-day trading on Wednesday. The stock traded as low as $60.81 and last traded at $61.10. Approximately 85,954 shares changed hands during mid-day trading, a decline of 54% from the average daily volume of 188,856 shares. The stock had previously closed at $61.68.

First Trust Financials AlphaDEX Fund Stock Performance

The company has a market capitalization of $1.04 billion, a P/E ratio of 12.42 and a beta of 0.94. The firm’s fifty day moving average is $64.71 and its 200 day moving average is $61.97.

Hedge Funds Weigh In On First Trust Financials AlphaDEX Fund

A number of large investors have recently bought and sold shares of FXO. Perryman Financial Advisory Inc. AD bought a new position in shares of First Trust Financials AlphaDEX Fund during the 4th quarter worth approximately $9,376,000. Peak Planning Group LLC purchased a new position in First Trust Financials AlphaDEX Fund in the fourth quarter worth $2,017,000. Fifth Third Bancorp grew its holdings in First Trust Financials AlphaDEX Fund by 2,333.9% in the first quarter. Fifth Third Bancorp now owns 14,701 shares of the company’s stock worth $826,000 after purchasing an additional 14,097 shares during the last quarter. Dorsey Wright & Associates acquired a new position in shares of First Trust Financials AlphaDEX Fund during the first quarter worth $520,000. Finally, Ameritas Advisory Services LLC lifted its holdings in shares of First Trust Financials AlphaDEX Fund by 62.1% during the 2nd quarter. Ameritas Advisory Services LLC now owns 17,083 shares of the company’s stock valued at $1,067,000 after purchasing an additional 6,547 shares during the last quarter.

About First Trust Financials AlphaDEX Fund

(Get Free Report)

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.

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