First Trust Financials AlphaDEX Fund Acquires 185,000 Shares Of Freedom Holding, Becoming Second Largest Shareholder
Benzinga Newsdesk 1 year ago
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As part of its scheduled portfolio rebalancing, the First Trust Financials AlphaDEX Fund (NASDAQ:FXO) acquired 185,000 shares of Freedom Holding Corp. (NASDAQ:FRHC), adding them to its portfolio. As a result of this
As part of its scheduled portfolio rebalancing, the First Trust Financials AlphaDEX Fund (NASDAQ:FXO) acquired 185,000 shares of Freedom Holding Corp. (NASDAQ:FRHC), adding them to its portfolio. As a result of this transaction, the fund has become the second largest shareholder of the company, following its founder and CEO, Timur Turlov. FRHC now holds a 1.22% weighting in the index that underlies the fund's structure.