First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) Reaches New 52-Week High – Here’s Why

First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) shares hit a new 52-week high on Tuesday . The stock traded as high as $143.96 and last traded at $143.96, with a volume of 6010 shares changing hands. The stock had previously closed at $142.35.

First Trust Technology AlphaDEX Fund Trading Down 1.9 %

The business’s fifty day simple moving average is $137.25 and its 200-day simple moving average is $134.42. The firm has a market cap of $1.40 billion, a P/E ratio of 25.10 and a beta of 1.51.

Hedge Funds Weigh In On First Trust Technology AlphaDEX Fund

Several hedge funds have recently made changes to their positions in FXL. Strategic Financial Concepts LLC bought a new stake in First Trust Technology AlphaDEX Fund during the 2nd quarter valued at approximately $36,000. Zions Bancorporation N.A. bought a new stake in shares of First Trust Technology AlphaDEX Fund during the second quarter valued at approximately $123,000. Kingsview Wealth Management LLC purchased a new stake in First Trust Technology AlphaDEX Fund in the first quarter worth $200,000. Cypress Wealth Services LLC bought a new position in First Trust Technology AlphaDEX Fund in the third quarter worth $202,000. Finally, TIAA Trust National Association purchased a new position in First Trust Technology AlphaDEX Fund during the second quarter valued at $209,000.

First Trust Technology AlphaDEX Fund Company Profile

First Trust Technology AlphaDEX Fund (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield of an equity index called the StrataQuant Technology Index (the Index). The 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.