First Trust Financial AlphaDEX Fund (NYSEARCA:FXO) Reaches New 12-Month Low at $39.28

First Trust Financial AlphaDEX Fund (NYSEARCA:FXOGet Rating) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $39.28 and last traded at $39.32, with a volume of 351 shares traded. The stock had previously closed at $40.45.

The stock’s 50-day moving average is $43.06 and its 200-day moving average is $44.99.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. O Dell Group LLC acquired a new stake in First Trust Financial AlphaDEX Fund during the fourth quarter worth approximately $54,000. Accel Wealth Management raised its stake in shares of First Trust Financial AlphaDEX Fund by 167.3% in the 4th quarter. Accel Wealth Management now owns 1,208 shares of the company’s stock valued at $56,000 after acquiring an additional 756 shares during the period. Capital Investment Advisory Services LLC raised its stake in shares of First Trust Financial AlphaDEX Fund by 26.5% in the 1st quarter. Capital Investment Advisory Services LLC now owns 1,594 shares of the company’s stock valued at $73,000 after acquiring an additional 334 shares during the period. FMR LLC raised its stake in shares of First Trust Financial AlphaDEX Fund by 255.1% in the 1st quarter. FMR LLC now owns 3,001 shares of the company’s stock valued at $91,000 after acquiring an additional 2,156 shares during the period. Finally, BNP Paribas Arbitrage SA purchased a new position in shares of First Trust Financial AlphaDEX Fund in the 4th quarter valued at $111,000.

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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