First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) Reaches New 12-Month High – Should You Buy?

First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) reached a new 52-week high on Friday . The stock traded as high as $152.55 and last traded at $152.04, with a volume of 2150 shares changing hands. The stock had previously closed at $151.43.

First Trust Technology AlphaDEX Fund Price Performance

The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 25.10 and a beta of 1.51. The stock has a 50 day moving average price of $141.57 and a 200-day moving average price of $136.51.

Institutional Investors Weigh In On First Trust Technology AlphaDEX Fund

Hedge funds have recently modified their holdings of the business. Zions Bancorporation N.A. acquired a new position in First Trust Technology AlphaDEX Fund during the second quarter worth about $123,000. Cypress Wealth Services LLC acquired a new position in shares of First Trust Technology AlphaDEX Fund during the 3rd quarter worth approximately $202,000. TIAA Trust National Association purchased a new stake in shares of First Trust Technology AlphaDEX Fund in the second quarter valued at approximately $209,000. Fidelis Capital Partners LLC purchased a new stake in First Trust Technology AlphaDEX Fund in the 3rd quarter valued at $219,000. Finally, Daymark Wealth Partners LLC acquired a new stake in shares of First Trust Technology AlphaDEX Fund in the 2nd quarter worth $243,000.

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.