First Trust Financials AlphaDEX Fund (NYSEARCA:FXO) Stock Price Down 0.7% – Time to Sell?

First Trust Financials AlphaDEX Fund (NYSEARCA:FXO)’s share price traded down 0.7% during mid-day trading on Friday . The stock traded as low as $66.45 and last traded at $66.53. Approximately 92,770 shares changed hands during mid-day trading, a decline of 55% from the average daily volume of 206,055 shares. The stock had previously closed at $66.98.

First Trust Financials AlphaDEX Fund Price Performance

The firm has a market capitalization of $1.14 billion, a PE ratio of 12.42 and a beta of 0.93. The stock’s 50-day moving average price is $65.41 and its 200 day moving average price is $61.14.

Institutional Investors Weigh In On First Trust Financials AlphaDEX Fund

Institutional investors and hedge funds have recently bought and sold shares of the company. Hilton Head Capital Partners LLC purchased a new position in First Trust Financials AlphaDEX Fund during the 4th quarter valued at about $70,000. WCG Wealth Advisors LLC lifted its position in shares of First Trust Financials AlphaDEX Fund by 180.8% in the 4th quarter. WCG Wealth Advisors LLC now owns 294,887 shares of the company’s stock worth $17,797,000 after purchasing an additional 189,857 shares during the period. Godfrey Financial Associates Inc. bought a new position in shares of First Trust Financials AlphaDEX Fund during the fourth quarter valued at approximately $38,000. TradeWell Securities LLC. increased its holdings in First Trust Financials AlphaDEX Fund by 12.1% during the fourth quarter. TradeWell Securities LLC. now owns 133,513 shares of the company’s stock valued at $8,057,000 after buying an additional 14,428 shares during the period. Finally, Redstone Wealth Management LLC purchased a new position in First Trust Financials AlphaDEX Fund during the fourth quarter valued at approximately $700,000.

First Trust Financials 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. 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.