First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) Sets New 12-Month High – Here’s What Happened

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

First Trust Technology AlphaDEX Fund Trading Down 0.0 %

The company’s 50-day moving average is $152.79 and its 200 day moving average is $142.69. The firm has a market cap of $1.59 billion, a PE ratio of 25.10 and a beta of 1.51.

Institutional Investors Weigh In On First Trust Technology AlphaDEX Fund

Hedge funds have recently bought and sold shares of the business. Convergence Financial LLC grew its stake in First Trust Technology AlphaDEX Fund by 15.9% during the 3rd quarter. Convergence Financial LLC now owns 3,318 shares of the company’s stock valued at $460,000 after acquiring an additional 455 shares in the last quarter. TFG Advisers LLC boosted its holdings in shares of First Trust Technology AlphaDEX Fund by 2.9% during the third quarter. TFG Advisers LLC now owns 9,056 shares of the company’s stock worth $1,256,000 after purchasing an additional 254 shares during the period. Stratos Wealth Advisors LLC grew its position in First Trust Technology AlphaDEX Fund by 42.8% during the third quarter. Stratos Wealth Advisors LLC now owns 2,167 shares of the company’s stock valued at $300,000 after purchasing an additional 650 shares in the last quarter. SeaCrest Wealth Management LLC increased its position in First Trust Technology AlphaDEX Fund by 5.9% in 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 last quarter. Finally, Sanctuary Advisors LLC bought a new stake in shares of First Trust Technology AlphaDEX Fund in the 2nd quarter valued at approximately $376,000.

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.