First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) Trading Up 0.1% – Still a Buy?

Shares of First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) rose 0.1% during mid-day trading on Tuesday . The company traded as high as $175.88 and last traded at $175.15. Approximately 17,991 shares traded hands during trading, an increase of 29% from the average daily volume of 13,974 shares. The stock had previously closed at $175.00.

First Trust Technology AlphaDEX Fund Stock Up 0.1%

The firm has a market capitalization of $1.47 billion, a PE ratio of 21.63 and a beta of 1.19. The stock has a 50-day moving average price of $169.02 and a 200 day moving average price of $165.77.

Hedge Funds Weigh In On First Trust Technology AlphaDEX Fund

Large investors have recently added to or reduced their stakes in the stock. Creative Capital Management Investments LLC acquired a new position in shares of First Trust Technology AlphaDEX Fund during the 2nd quarter worth about $29,000. Trust Co. of Vermont acquired a new position in shares of First Trust Technology AlphaDEX Fund during the second quarter valued at approximately $32,000. Huntington National Bank purchased a new position in shares of First Trust Technology AlphaDEX Fund in the third quarter valued at approximately $36,000. FSC Wealth Advisors LLC purchased a new position in shares of First Trust Technology AlphaDEX Fund in the second quarter valued at approximately $37,000. Finally, Optiver Holding B.V. acquired a new stake in shares of First Trust Technology AlphaDEX Fund in the third quarter worth approximately $39,000.

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. The AMEX constructs the Index by ranking the stocks, which are members of the Russell 1000 Index on growth factors, including 3, 6 and 12-month price appreciation, sales to price and one-year sales growth, and separately on value factors, including book value to price, cash flow to price and return on assets.