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

First Trust Technology AlphaDEX Fund (NYSEARCA:FXL)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $198.72 and last traded at $201.2350, with a volume of 493 shares changing hands. The stock had previously closed at $195.11.

First Trust Technology AlphaDEX Fund Stock Up 2.9%

The stock has a market capitalization of $1.61 billion, a P/E ratio of 21.63 and a beta of 1.22. The business has a fifty day moving average price of $175.65 and a 200-day moving average price of $171.26.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Western Wealth Management LLC bought a new position in shares of First Trust Technology AlphaDEX Fund during the first quarter valued at $103,000. Quantinno Capital Management LP purchased a new stake in First Trust Technology AlphaDEX Fund during the first quarter valued at $264,000. Gateway Wealth Partners LLC increased its position in First Trust Technology AlphaDEX Fund by 92.7% during the first quarter. Gateway Wealth Partners LLC now owns 6,094 shares of the company’s stock valued at $968,000 after acquiring an additional 2,932 shares during the last quarter. RMG Wealth Management LLC purchased a new stake in First Trust Technology AlphaDEX Fund during the first quarter valued at $95,000. Finally, Dorsey Wright & Associates purchased a new stake in First Trust Technology AlphaDEX Fund during the first quarter valued at $708,000.

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.