First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) Trading Up 1.4% – Here’s What Happened

First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) shares rose 1.4% on Friday . The company traded as high as $203.15 and last traded at $200.00. Approximately 31,187 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 79,016 shares. The stock had previously closed at $197.32.

First Trust Technology AlphaDEX Fund Stock Performance

The firm has a market capitalization of $2.56 billion, a price-to-earnings ratio of 21.63 and a beta of 1.23. The business has a fifty day moving average price of $206.86 and a 200 day moving average price of $184.73.

Institutional Investors Weigh In On First Trust Technology AlphaDEX Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its holdings in shares of First Trust Technology AlphaDEX Fund by 18,257.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,477,431 shares of the company’s stock worth $248,622,000 after purchasing an additional 1,469,383 shares during the period. Virtue Capital Management LLC grew its holdings in shares of First Trust Technology AlphaDEX Fund by 4,243.0% during the 4th quarter. Virtue Capital Management LLC now owns 43,517 shares of the company’s stock worth $7,364,000 after purchasing an additional 42,515 shares during the period. LPL Financial LLC increased its position in First Trust Technology AlphaDEX Fund by 3.9% during the 4th quarter. LPL Financial LLC now owns 576,568 shares of the company’s stock worth $97,025,000 after purchasing an additional 21,861 shares in the last quarter. Beto Financial Group LLC acquired a new stake in First Trust Technology AlphaDEX Fund during the 4th quarter worth approximately $2,486,000. Finally, Genesee Capital Advisors LLC raised its holdings in First Trust Technology AlphaDEX Fund by 12.6% in 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.

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.