First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) Reaches New 1-Year High – Here’s Why

First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $159.48 and last traded at $159.03, with a volume of 3850 shares. The stock had previously closed at $158.01.

First Trust Technology AlphaDEX Fund Price Performance

The stock’s fifty day moving average is $152.36 and its 200-day moving average is $142.42. The stock has a market capitalization of $1.60 billion, a PE ratio of 25.10 and a beta of 1.51.

Institutional Trading of First Trust Technology AlphaDEX Fund

A number of hedge funds have recently added to or reduced their stakes in the company. Strategic Blueprint LLC raised its position in First Trust Technology AlphaDEX Fund by 4.1% during the fourth quarter. Strategic Blueprint LLC now owns 34,372 shares of the company’s stock worth $5,106,000 after acquiring an additional 1,368 shares during the period. Gateway Wealth Partners LLC raised its position 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 worth $658,000 after acquiring an additional 128 shares during the period. Nilsine Partners LLC raised its position in First Trust Technology AlphaDEX Fund by 50.4% during the fourth quarter. Nilsine Partners LLC now owns 3,538 shares of the company’s stock worth $526,000 after acquiring an additional 1,185 shares during the period. Blue Trust Inc. raised its position in First Trust Technology AlphaDEX Fund by 100.8% during the fourth quarter. Blue Trust Inc. now owns 1,444 shares of the company’s stock worth $200,000 after acquiring an additional 725 shares during the period. Finally, RFG Advisory LLC raised its position in First Trust Technology AlphaDEX Fund by 14.0% during the fourth quarter. RFG Advisory LLC now owns 6,373 shares of the company’s stock worth $947,000 after acquiring an additional 783 shares during the period.

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.