First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) Stock Price Up 1.7% – What’s Next?

First Trust Technology AlphaDEX Fund (NYSEARCA:FXLGet Free Report)’s share price shot up 1.7% during mid-day trading on Thursday . The stock traded as high as $214.17 and last traded at $213.63. Approximately 12,266 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 71,274 shares. The stock had previously closed at $209.97.

First Trust Technology AlphaDEX Fund Trading Up 1.7%

The business’s fifty day moving average price is $208.75 and its 200 day moving average price is $192.26. The company has a market capitalization of $2.75 billion, a P/E ratio of 21.63 and a beta of 1.24.

Institutional Investors Weigh In On First Trust Technology AlphaDEX Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of FXL. Trust Co. of Vermont bought a new position in First Trust Technology AlphaDEX Fund in the 2nd quarter valued at $45,000. Hilton Head Capital Partners LLC acquired a new position in shares of First Trust Technology AlphaDEX Fund during the fourth quarter valued at $42,000. Bessemer Group Inc. lifted its stake in shares of First Trust Technology AlphaDEX Fund by 66.8% during the first quarter. Bessemer Group Inc. now owns 387 shares of the company’s stock valued at $62,000 after acquiring an additional 155 shares during the period. RMG Wealth Management LLC bought a new position in First Trust Technology AlphaDEX Fund in the first quarter valued at about $95,000. Finally, Western Wealth Management LLC bought a new position in First Trust Technology AlphaDEX Fund in the first quarter valued at about $103,000.

About First Trust Technology AlphaDEX Fund

(Get Free Report)

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.

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