First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) Trading Down 0.5% – Here’s Why

First Trust Technology AlphaDEX Fund (NYSEARCA:FXL)’s share price fell 0.5% during mid-day trading on Tuesday . The stock traded as low as $170.68 and last traded at $171.28. 12,642 shares were traded during trading, a decline of 37% from the average session volume of 20,157 shares. The stock had previously closed at $172.21.

First Trust Technology AlphaDEX Fund Stock Performance

The firm has a market cap of $1.46 billion, a P/E ratio of 21.63 and a beta of 1.19. The firm’s fifty day moving average price is $168.98 and its 200 day moving average price is $163.75.

Institutional Trading of First Trust Technology AlphaDEX Fund

A number of hedge funds have recently bought and sold shares of FXL. Kestra Private Wealth Services LLC boosted its position in First Trust Technology AlphaDEX Fund by 2.6% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 31,453 shares of the company’s stock valued at $5,284,000 after acquiring an additional 797 shares in the last quarter. Mariner LLC lifted its stake in shares of First Trust Technology AlphaDEX Fund by 28.0% during the 3rd quarter. Mariner LLC now owns 5,634 shares of the company’s stock worth $947,000 after purchasing an additional 1,231 shares during the last quarter. Lido Advisors LLC purchased a new stake in shares of First Trust Technology AlphaDEX Fund during the 3rd quarter worth $201,000. Equitable Holdings Inc. boosted its position in First Trust Technology AlphaDEX Fund by 2.5% during the third quarter. Equitable Holdings Inc. now owns 6,248 shares of the company’s stock valued at $1,050,000 after purchasing an additional 152 shares in the last quarter. Finally, Private Advisor Group LLC grew its stake in First Trust Technology AlphaDEX Fund by 1.5% in the third quarter. Private Advisor Group LLC now owns 11,808 shares of the company’s stock valued at $1,984,000 after purchasing an additional 175 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.