First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) Hits New 12-Month Low – Here’s Why

First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) hit a new 52-week low on Friday . The stock traded as low as $117.92 and last traded at $116.92, with a volume of 8653 shares traded. The stock had previously closed at $125.22.

First Trust Technology AlphaDEX Fund Trading Down 6.6 %

The business’s fifty day moving average price is $145.42 and its 200 day moving average price is $146.93. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 23.56 and a beta of 1.17.

Institutional Investors Weigh In On First Trust Technology AlphaDEX Fund

Large investors have recently added to or reduced their stakes in the business. RFG Advisory LLC boosted its holdings in First Trust Technology AlphaDEX Fund by 14.0% in the 4th 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. JPMorgan Chase & Co. lifted its holdings in First Trust Technology AlphaDEX Fund by 11.3% in the third quarter. JPMorgan Chase & Co. now owns 6,199 shares of the company’s stock worth $860,000 after acquiring an additional 630 shares during the last quarter. Park Avenue Securities LLC increased its holdings in shares of First Trust Technology AlphaDEX Fund by 25.4% in the 4th quarter. Park Avenue Securities LLC now owns 1,970 shares of the company’s stock worth $293,000 after acquiring an additional 399 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its holdings in First Trust Technology AlphaDEX Fund by 24.5% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 8,867 shares of the company’s stock worth $1,317,000 after buying an additional 1,743 shares in the last quarter. Finally, Claro Advisors LLC acquired a new stake in shares of First Trust Technology AlphaDEX Fund in the 4th quarter worth approximately $321,000.

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.