First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) Sets New 1-Year High – Time to Buy?

Shares of First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) hit a new 52-week high on Friday . The stock traded as high as $159.59 and last traded at $159.08, with a volume of 6560 shares traded. The stock had previously closed at $156.74.

First Trust Technology AlphaDEX Fund Trading Down 0.0 %

The business has a 50-day moving average price of $153.36 and a 200-day moving average price of $143.13. The stock has a market cap of $1.58 billion, a PE ratio of 25.10 and a beta of 1.51.

Institutional Investors Weigh In On First Trust Technology AlphaDEX Fund

Several institutional investors have recently bought and sold shares of the company. Choice Wealth Advisors LLC boosted its stake in shares of First Trust Technology AlphaDEX Fund by 3.0% in the third quarter. Choice Wealth Advisors LLC now owns 60,484 shares of the company’s stock worth $8,386,000 after acquiring an additional 1,767 shares during the last quarter. Jane Street Group LLC boosted its stake in First Trust Technology AlphaDEX Fund by 98.9% during the third quarter. Jane Street Group LLC now owns 44,728 shares of the company’s stock worth $6,201,000 after buying an additional 22,245 shares during the last quarter. Financial Enhancement Group LLC purchased a new stake in First Trust Technology AlphaDEX Fund in the 3rd quarter valued at $6,103,000. Schrum Private Wealth Management LLC raised its holdings in shares of First Trust Technology AlphaDEX Fund by 74.3% during the 3rd quarter. Schrum Private Wealth Management LLC now owns 41,044 shares of the company’s stock worth $5,691,000 after acquiring an additional 17,500 shares during the period. Finally, Socha Financial Group LLC boosted its position in shares of First Trust Technology AlphaDEX Fund by 3.5% during the 3rd quarter. Socha Financial Group LLC now owns 36,451 shares of the company’s stock valued at $5,054,000 after acquiring an additional 1,227 shares during the last quarter.

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.