First Trust Financial AlphaDEX Fund (NYSEARCA:FXO) Stock Price Down 0.8% – Should You Sell?

First Trust Financial AlphaDEX Fund (NYSEARCA:FXO)’s share price was down 0.8% during mid-day trading on Tuesday . The company traded as low as $45.26 and last traded at $45.90. Approximately 246,268 shares traded hands during mid-day trading, an increase of 4% from the average daily volume of 237,649 shares. The stock had previously closed at $46.27.

First Trust Financial AlphaDEX Fund Stock Performance

The company’s 50-day moving average is $53.72 and its 200-day moving average is $54.35. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of 11.16 and a beta of 1.02.

Institutional Trading of First Trust Financial AlphaDEX Fund

A number of hedge funds and other institutional investors have recently modified their holdings of FXO. Huntington National Bank lifted its position in First Trust Financial AlphaDEX Fund by 570.6% during the 4th quarter. Huntington National Bank now owns 456 shares of the company’s stock valued at $25,000 after purchasing an additional 388 shares during the period. Crews Bank & Trust acquired a new position in First Trust Financial AlphaDEX Fund in the fourth quarter valued at approximately $54,000. Horizon Bancorp Inc. IN boosted its stake in First Trust Financial AlphaDEX Fund by 22.8% in the fourth quarter. Horizon Bancorp Inc. IN now owns 1,334 shares of the company’s stock valued at $72,000 after acquiring an additional 248 shares during the last quarter. US Bancorp DE grew its holdings in First Trust Financial AlphaDEX Fund by 17.0% during the 4th quarter. US Bancorp DE now owns 1,356 shares of the company’s stock worth $73,000 after acquiring an additional 197 shares during the period. Finally, Aptus Capital Advisors LLC grew its holdings in First Trust Financial AlphaDEX Fund by 5,531.3% during the 4th quarter. Aptus Capital Advisors LLC now owns 1,802 shares of the company’s stock worth $98,000 after acquiring an additional 1,770 shares during the period.

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.