First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) Shares Down 0.9% – Here’s What Happened

First Trust Financials AlphaDEX Fund (NYSEARCA:FXO)’s stock price dropped 0.9% on Wednesday. The stock traded as low as $60.81 and last traded at $61.10. Approximately 85,954 shares were traded 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 cap of $1.02 billion, a PE ratio of 12.42 and a beta of 0.94. The firm’s 50 day moving average is $64.79 and its 200-day moving average is $61.92.

Institutional Investors Weigh In On First Trust Financials AlphaDEX Fund

Large investors have recently made changes to their positions in the stock. Security National Bank of Sioux City Iowa IA purchased a new position in First Trust Financials AlphaDEX Fund during the second quarter worth approximately $124,000. IFP Advisors Inc grew its holdings in First Trust Financials AlphaDEX Fund by 1.7% in the 2nd quarter. IFP Advisors Inc now owns 23,208 shares of the company’s stock valued at $1,450,000 after buying an additional 385 shares in the last quarter. Ameritas Advisory Services LLC grew its holdings in First Trust Financials AlphaDEX Fund by 62.1% in the 2nd quarter. Ameritas Advisory Services LLC now owns 17,083 shares of the company’s stock valued at $1,067,000 after buying an additional 6,547 shares in the last quarter. Concurrent Investment Advisors LLC increased its stake in shares of First Trust Financials AlphaDEX Fund by 1.7% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 32,847 shares of the company’s stock worth $2,052,000 after acquiring an additional 553 shares during the last quarter. Finally, Trust Co. of Vermont acquired a new stake in shares of First Trust Financials AlphaDEX Fund in the 2nd quarter worth $26,000.

About First Trust Financials 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. 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.