First Trust Financials AlphaDEX Becomes Second-Largest Shareholder in Freedom Holding

First Trust Financials AlphaDEX Fund (FXO) has acquired 185,000 shares of Freedom Holding Corp. (FRHC), making it the company's second-largest shareholder after CEO Timur Turlov. The transaction reflects FRHC's 1.22% weighting in the StrataQuant Financials Index, which FXO tracks.

The AlphaDEX methodology highlights Freedom Holding's growth potential and investment fundamentals, signaling institutional confidence in its financial ecosystem strategy. "This endorsement validates our approach to sustainable growth and digital transformation," Turlov noted.

FRHC's inclusion in the ETF underscores its accelerating business momentum, particularly in developing its integrated financial services platform. The MOVE signals growing recognition of the company's hybrid traditional-digital asset strategy within professional investment circles.