First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) Reaches New 12-Month High – Time to Buy?

Shares of First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) hit a new 52-week high during trading on Thursday . The company traded as high as $208.39 and last traded at $204.73, with a volume of 17203 shares traded. The stock had previously closed at $207.05.

First Trust Technology AlphaDEX Fund Stock Performance

The firm has a market capitalization of $1.64 billion, a P/E ratio of 21.63 and a beta of 1.22. The stock’s 50 day simple moving average is $179.04 and its 200 day simple moving average is $172.16.

Hedge Funds Weigh In On First Trust Technology AlphaDEX Fund

Hedge funds and other institutional investors have recently modified their holdings of the business. L & S Advisors Inc boosted its stake in shares of First Trust Technology AlphaDEX Fund by 3.6% during the third quarter. L & S Advisors Inc now owns 15,416 shares of the company’s stock valued at $2,590,000 after purchasing an additional 531 shares in the last quarter. Warner Group LLC purchased a new stake in shares of First Trust Technology AlphaDEX Fund during the third quarter valued at about $848,000. Krilogy Financial LLC purchased a new position in shares of First Trust Technology AlphaDEX Fund in the 3rd quarter worth approximately $1,119,000. Stratos Wealth Partners LTD. grew its position in shares of First Trust Technology AlphaDEX Fund by 8.9% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 7,137 shares of the company’s stock worth $1,199,000 after buying an additional 583 shares during the last quarter. Finally, Navellier & Associates Inc. purchased a new position in shares of First Trust Technology AlphaDEX Fund in the 3rd quarter worth approximately $417,000.

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.