First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) Hits New 1-Year High – Here’s What Happened

First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) shares hit a new 52-week high on Tuesday . The company traded as high as $159.84 and last traded at $159.27, with a volume of 1637 shares changing hands. The stock had previously closed at $159.11.

First Trust Technology AlphaDEX Fund Trading Down 1.5 %

The business has a fifty day moving average price of $154.24 and a two-hundred day moving average price of $145.41. The company has a market cap of $1.57 billion, a price-to-earnings ratio of 25.10 and a beta of 1.51.

Hedge Funds Weigh In On First Trust Technology AlphaDEX Fund

A number of hedge funds have recently added to or reduced their stakes in the company. Harbour Investments Inc. grew its holdings in First Trust Technology AlphaDEX Fund by 2.3% during the fourth quarter. Harbour Investments Inc. now owns 3,495 shares of the company’s stock valued at $519,000 after purchasing an additional 77 shares during the last quarter. Stephens Inc. AR grew its holdings in First Trust Technology AlphaDEX Fund by 0.7% during the fourth quarter. Stephens Inc. AR now owns 16,372 shares of the company’s stock valued at $2,432,000 after purchasing an additional 112 shares during the last quarter. Sargent Investment Group LLC grew its holdings in First Trust Technology AlphaDEX Fund by 4.5% during the fourth quarter. Sargent Investment Group LLC now owns 2,795 shares of the company’s stock valued at $413,000 after purchasing an additional 120 shares during the last quarter. Gateway Wealth Partners LLC grew its holdings in First Trust Technology AlphaDEX Fund by 3.0% during the fourth quarter. Gateway Wealth Partners LLC now owns 4,427 shares of the company’s stock valued at $658,000 after purchasing an additional 128 shares during the last quarter. Finally, L & S Advisors Inc grew its holdings in First Trust Technology AlphaDEX Fund by 1.0% during the fourth quarter. L & S Advisors Inc now owns 15,454 shares of the company’s stock valued at $2,296,000 after purchasing an additional 158 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.