First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) Reaches New 52-Week High – Time to Buy?

First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) shares reached a new 52-week high on Thursday . The stock traded as high as $194.63 and last traded at $194.63, with a volume of 12966 shares changing hands. The stock had previously closed at $192.84.

First Trust Technology AlphaDEX Fund Stock Up 2.4%

The stock has a market capitalization of $1.58 billion, a P/E ratio of 21.63 and a beta of 1.22. The firm’s 50 day simple moving average is $169.85 and its two-hundred day simple moving average is $169.78.

Institutional Investors Weigh In On First Trust Technology AlphaDEX Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. OLD National Bancorp IN increased its stake in First Trust Technology AlphaDEX Fund by 2.5% in the first quarter. OLD National Bancorp IN now owns 2,390 shares of the company’s stock valued at $380,000 after purchasing an additional 59 shares in the last quarter. Ashton Thomas Private Wealth LLC increased its stake in First Trust Technology AlphaDEX Fund by 0.8% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 7,192 shares of the company’s stock valued at $1,210,000 after purchasing an additional 60 shares in the last quarter. Retirement Planning Group LLC increased its stake in First Trust Technology AlphaDEX Fund by 0.7% in the first quarter. Retirement Planning Group LLC now owns 9,511 shares of the company’s stock valued at $1,511,000 after purchasing an additional 62 shares in the last quarter. Kingswood Wealth Advisors LLC grew its holdings in shares of First Trust Technology AlphaDEX Fund by 4.7% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 1,602 shares of the company’s stock valued at $270,000 after buying an additional 72 shares during the last quarter. Finally, Assetmark Inc. grew its holdings in shares of First Trust Technology AlphaDEX Fund by 16.6% during the fourth quarter. Assetmark Inc. now owns 652 shares of the company’s stock valued at $110,000 after buying an additional 93 shares during the last quarter.

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.