First Trust Financial AlphaDEX Fund (NYSEARCA:FXO) Stock Price Down 2.3%

First Trust Financial AlphaDEX Fund (NYSEARCA:FXO) fell 2.3% during trading on Wednesday . The stock traded as low as $24.50 and last traded at $24.53. 152,995 shares changed hands during trading, a decline of 67% from the average session volume of 468,636 shares. The stock had previously closed at $25.11.

The company has a fifty day moving average price of $26.64 and a 200 day moving average price of $24.73.

Hedge funds and other institutional investors have recently modified their holdings of the company. Ballew Advisors Inc lifted its position in First Trust Financial AlphaDEX Fund by 1.2% in the 2nd quarter. Ballew Advisors Inc now owns 51,758 shares of the company’s stock worth $1,271,000 after buying an additional 635 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in First Trust Financial AlphaDEX Fund by 12.2% in the first quarter. Thrivent Financial for Lutherans now owns 29,216 shares of the company’s stock valued at $618,000 after purchasing an additional 3,186 shares during the last quarter. Advisor Group Holdings Inc. bought a new stake in First Trust Financial AlphaDEX Fund in the first quarter valued at approximately $4,314,000. Jane Street Group LLC bought a new stake in First Trust Financial AlphaDEX Fund in the first quarter valued at approximately $1,141,000. Finally, Ameritas Investment Company LLC lifted its position in First Trust Financial AlphaDEX Fund by 26.1% in the first quarter. Ameritas Investment Company LLC now owns 9,032 shares of the company’s stock valued at $191,000 after purchasing an additional 1,868 shares during the last quarter.

About First Trust Financial AlphaDEX Fund (NYSEARCA:FXO)

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.

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