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 Tuesday . Approximately 335,721 shares changed hands during trading, an increase of 53% from the previous session’s volume of 218,807 shares.The stock last traded at $54.46 and had previously closed at $54.64.

First Trust Financial AlphaDEX Fund Stock Down 0.5 %

The company has a market capitalization of $1.01 billion, a PE ratio of 12.74 and a beta of 1.00. The stock’s fifty day moving average price is $55.32 and its two-hundred day moving average price is $53.84.

Hedge Funds Weigh In On First Trust Financial AlphaDEX Fund

A number of institutional investors have recently bought and sold shares of the stock. WCG Wealth Advisors LLC bought a new position in shares of First Trust Financial AlphaDEX Fund in the 4th quarter worth approximately $6,563,000. GTS Securities LLC grew its stake in First Trust Financial AlphaDEX Fund by 122.3% in the fourth quarter. GTS Securities LLC now owns 50,094 shares of the company’s stock worth $2,712,000 after purchasing an additional 27,556 shares during the period. Harmony Asset Management LLC bought a new position in First Trust Financial AlphaDEX Fund in the fourth quarter worth $2,271,000. Royal Bank of Canada lifted its position in First Trust Financial AlphaDEX Fund by 35.5% during the fourth quarter. Royal Bank of Canada now owns 287,716 shares of the company’s stock valued at $15,574,000 after buying an additional 75,426 shares during the period. Finally, Millennium Management LLC bought a new stake in shares of First Trust Financial AlphaDEX Fund during the 4th quarter valued at $210,000.

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.