First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) Reaches New 1-Year High – Here’s Why

First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $159.48 and last traded at $159.03, with a volume of 3850 shares changing hands. The stock had previously closed at $158.01.

First Trust Technology AlphaDEX Fund Trading Up 0.5 %

The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 25.10 and a beta of 1.51. The firm’s 50 day simple moving average is $152.36 and its 200-day simple moving average is $142.42.

Hedge Funds Weigh In On First Trust Technology AlphaDEX Fund

Institutional investors have recently bought and sold shares of the company. TFG Advisers LLC increased its stake in First Trust Technology AlphaDEX Fund by 2.9% in the 3rd quarter. TFG Advisers LLC now owns 9,056 shares of the company’s stock valued at $1,256,000 after buying an additional 254 shares during the period. Stratos Wealth Advisors LLC grew its stake in shares of First Trust Technology AlphaDEX Fund by 42.8% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 2,167 shares of the company’s stock worth $300,000 after purchasing an additional 650 shares during the period. SeaCrest Wealth Management LLC grew its stake in shares of First Trust Technology AlphaDEX Fund by 5.9% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 3,396 shares of the company’s stock worth $471,000 after purchasing an additional 189 shares during the period. Stablepoint Partners LLC grew its stake in shares of First Trust Technology AlphaDEX Fund by 10.0% during the 3rd quarter. Stablepoint Partners LLC now owns 6,670 shares of the company’s stock worth $925,000 after purchasing an additional 608 shares during the period. Finally, Cypress Wealth Services LLC acquired a new position in shares of First Trust Technology AlphaDEX Fund during the 3rd quarter worth $202,000.

About First Trust Technology AlphaDEX Fund

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.