First Trust Financial AlphaDEX Fund (NYSEARCA:FXO) Sees Large Volume Increase – Time to Buy?

Shares of First Trust Financial AlphaDEX Fund (NYSEARCA:FXO) saw unusually-strong trading volume on Friday . Approximately 143,221 shares were traded during 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 is $51.13 and its 200 day moving average is $48.29. The firm has a market capitalization of $977.03 million, a P/E ratio of 12.74 and a beta of 1.00.

Institutional Investors Weigh In On First Trust Financial AlphaDEX Fund

Several hedge funds and other institutional investors have recently made changes to their positions in FXO. J.W. Cole Advisors Inc. boosted its stake in shares of First Trust Financial AlphaDEX Fund by 2.3% during the third quarter. J.W. Cole Advisors Inc. now owns 10,437 shares of the company’s stock valued at $534,000 after purchasing an additional 237 shares in the last quarter. Private Advisor Group LLC increased its position in First Trust Financial AlphaDEX Fund by 5.7% in the 3rd quarter. Private Advisor Group LLC now owns 18,543 shares of the company’s stock valued at $948,000 after acquiring an additional 1,003 shares during the period. 1858 Wealth Management LLC raised its stake in shares of First Trust Financial AlphaDEX Fund by 10.3% during the third quarter. 1858 Wealth Management LLC now owns 17,425 shares of the company’s stock valued at $891,000 after acquiring an additional 1,630 shares during the last quarter. Onyx Bridge Wealth Group LLC acquired a new position in shares of First Trust Financial AlphaDEX Fund during the third quarter worth $1,509,000. Finally, Secure Asset Management LLC grew its stake in shares of First Trust Financial AlphaDEX Fund by 15.3% in the third quarter. Secure Asset Management LLC now owns 98,062 shares of the company’s stock worth $5,014,000 after purchasing an additional 13,014 shares during the last quarter.

About First Trust Financial AlphaDEX Fund

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.