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

First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $208.39 and last traded at $204.73, with a volume of 17203 shares trading hands. The stock had previously closed at $207.05.

First Trust Technology AlphaDEX Fund Stock Down 1.1%

The firm’s 50-day simple moving average is $179.04 and its 200-day simple moving average is $172.16. The firm has a market capitalization of $1.64 billion, a PE ratio of 21.63 and a beta of 1.22.

Institutional Trading of First Trust Technology AlphaDEX Fund

Several institutional investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. boosted its position in First Trust Technology AlphaDEX Fund by 18,257.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,477,431 shares of the company’s stock valued at $248,622,000 after buying an additional 1,469,383 shares during the period. LPL Financial LLC boosted its position in First Trust Technology AlphaDEX Fund by 3.9% during the fourth quarter. LPL Financial LLC now owns 576,568 shares of the company’s stock valued at $97,025,000 after buying an additional 21,861 shares during the period. UBS Group AG boosted its position in First Trust Technology AlphaDEX Fund by 2.8% during the fourth quarter. UBS Group AG now owns 144,319 shares of the company’s stock valued at $24,286,000 after buying an additional 3,978 shares during the period. Genesee Capital Advisors LLC boosted its position in First Trust Technology AlphaDEX Fund by 12.6% during the fourth quarter. Genesee Capital Advisors LLC now owns 116,333 shares of the company’s stock valued at $19,577,000 after buying an additional 12,999 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in First Trust Technology AlphaDEX Fund by 6.0% during the second quarter. Ameriprise Financial Inc. now owns 89,050 shares of the company’s stock valued at $14,013,000 after buying an additional 5,022 shares during the period.

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.