First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) Reaches New 52-Week High – Time to Buy?

First Trust Technology AlphaDEX Fund (NYSEARCA:FXL)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $164.76 and last traded at $164.65, with a volume of 65785 shares trading hands. The stock had previously closed at $164.08.

First Trust Technology AlphaDEX Fund Trading Up 0.3%

The stock has a 50 day simple moving average of $159.41 and a 200-day simple moving average of $147.25. The firm has a market capitalization of $1.41 billion, a P/E ratio of 21.63 and a beta of 1.19.

Institutional Investors Weigh In On First Trust Technology AlphaDEX Fund

A number of large investors have recently made changes to their positions in the company. Vestmark Advisory Solutions Inc. raised its stake in First Trust Technology AlphaDEX Fund by 67.1% during the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 168,840 shares of the company’s stock valued at $26,568,000 after purchasing an additional 67,826 shares during the period. CX Institutional bought a new stake in First Trust Technology AlphaDEX Fund during the 1st quarter valued at approximately $5,954,000. Jones Financial Companies Lllp raised its stake in First Trust Technology AlphaDEX Fund by 565.5% during the 1st quarter. Jones Financial Companies Lllp now owns 45,533 shares of the company’s stock valued at $6,022,000 after purchasing an additional 38,691 shares during the period. Triton Wealth Management PLLC bought a new stake in First Trust Technology AlphaDEX Fund during the 2nd quarter valued at approximately $5,235,000. Finally, Chicago Partners Investment Group LLC raised its stake in First Trust Technology AlphaDEX Fund by 1,216.7% during the 1st quarter. Chicago Partners Investment Group LLC now owns 28,243 shares of the company’s stock valued at $3,938,000 after purchasing an additional 26,098 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.