First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) Shares Down 3.1% – Should You Sell?

First Trust Technology AlphaDEX Fund (NYSEARCA:FXL)’s stock price was down 3.1% during trading on Tuesday . The stock traded as low as $170.53 and last traded at $170.53. Approximately 7,407 shares traded hands during mid-day trading, a decline of 64% from the average daily volume of 20,698 shares. The stock had previously closed at $175.96.

First Trust Technology AlphaDEX Fund Trading Down 3.1%

The firm’s 50-day moving average price is $168.35 and its 200 day moving average price is $157.72. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 21.63 and a beta of 1.19.

Hedge Funds Weigh In On First Trust Technology AlphaDEX Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Jones Financial Companies Lllp raised its position in shares of First Trust Technology AlphaDEX Fund by 21.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 12,175 shares of the company’s stock valued at $2,044,000 after buying an additional 2,189 shares in the last quarter. Foundations Investment Advisors LLC raised its position in shares of First Trust Technology AlphaDEX Fund by 38.3% in the 3rd quarter. Foundations Investment Advisors LLC now owns 3,381 shares of the company’s stock valued at $568,000 after buying an additional 937 shares in the last quarter. AE Wealth Management LLC raised its position in shares of First Trust Technology AlphaDEX Fund by 62.6% in the 3rd quarter. AE Wealth Management LLC now owns 2,822 shares of the company’s stock valued at $474,000 after buying an additional 1,086 shares in the last quarter. Valeo Financial Advisors LLC acquired a new position in shares of First Trust Technology AlphaDEX Fund in the 3rd quarter valued at approximately $203,000. Finally, Stablepoint Partners LLC raised its position in shares of First Trust Technology AlphaDEX Fund by 6.7% in the 3rd quarter. Stablepoint Partners LLC now owns 6,176 shares of the company’s stock valued at $1,038,000 after buying an additional 388 shares in the last quarter.

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.