First Trust Financial AlphaDEX Fund (NYSEARCA:FXO) Sees Strong Trading Volume – Should You Buy?

Shares of First Trust Financial AlphaDEX Fund (NYSEARCA:FXO) saw an uptick in trading volume on Friday . 143,221 shares were traded during mid-day trading, an increase of 102% from the previous session’s volume of 70,943 shares.The stock last traded at $52.69 and had previously closed at $53.28.

First Trust Financial AlphaDEX Fund Price Performance

The business’s 50 day moving average price is $51.19 and its 200 day moving average price is $48.34. The stock has a market capitalization of $975.01 million, a P/E ratio of 12.74 and a beta of 1.00.

Institutional Trading of First Trust Financial AlphaDEX Fund

Large investors have recently made changes to their positions in the stock. Choice Wealth Advisors LLC boosted its holdings in shares of First Trust Financial AlphaDEX Fund by 12.5% in the first quarter. Choice Wealth Advisors LLC now owns 42,467 shares of the company’s stock worth $2,018,000 after buying an additional 4,732 shares during the last quarter. Monument Capital Management boosted its holdings in shares of First Trust Financial AlphaDEX Fund by 459.6% in the first quarter. Monument Capital Management now owns 81,366 shares of the company’s stock worth $3,867,000 after buying an additional 66,825 shares during the last quarter. J.W. Cole Advisors Inc. boosted its holdings in shares of First Trust Financial AlphaDEX Fund by 2.4% in the first quarter. J.W. Cole Advisors Inc. now owns 10,199 shares of the company’s stock worth $485,000 after buying an additional 240 shares during the last quarter. Lincoln National Corp boosted its holdings in shares of First Trust Financial AlphaDEX Fund by 26.7% in the first quarter. Lincoln National Corp now owns 63,263 shares of the company’s stock worth $3,006,000 after buying an additional 13,349 shares during the last quarter. Finally, VitalStone Financial LLC boosted its holdings in shares of First Trust Financial AlphaDEX Fund by 35.1% in the first quarter. VitalStone Financial LLC now owns 1,597 shares of the company’s stock worth $76,000 after buying an additional 415 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.