First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) Hits New 52-Week High – Here’s What Happened

Shares of First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) hit a new 52-week high during trading on Wednesday. The company traded as high as $231.93 and last traded at $230.46, with a volume of 22524 shares. The stock had previously closed at $229.92.

First Trust Technology AlphaDEX Fund Trading Down 0.3%

The business’s 50-day simple moving average is $217.15 and its two-hundred day simple moving average is $202.03. The company has a market capitalization of $2.90 billion, a PE ratio of 21.63 and a beta of 1.26.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Nilsine Partners LLC grew its stake in First Trust Technology AlphaDEX Fund by 6,236.6% in the second quarter. Nilsine Partners LLC now owns 97,521 shares of the company’s stock worth $21,184,000 after purchasing an additional 95,982 shares in the last quarter. NewEdge Advisors LLC raised its stake in First Trust Technology AlphaDEX Fund by 236.7% during the second quarter. NewEdge Advisors LLC now owns 89,362 shares of the company’s stock valued at $19,411,000 after buying an additional 62,818 shares in the last quarter. Baird Financial Group Inc. raised its stake in First Trust Technology AlphaDEX Fund by 127.1% during the second quarter. Baird Financial Group Inc. now owns 30,995 shares of the company’s stock valued at $6,733,000 after buying an additional 17,346 shares in the last quarter. Arax Advisory Partners acquired a new stake in First Trust Technology AlphaDEX Fund during the fourth quarter valued at approximately $1,642,000. Finally, Forty three Eighteen Advisors LLC bought a new position in First Trust Technology AlphaDEX Fund during the 4th quarter worth approximately $1,549,000.

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. 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.