First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) Sets New 52-Week High – What’s Next?

First Trust Technology AlphaDEX Fund (NYSEARCA:FXL)’s share price hit 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. The stock had previously closed at $151.43.

First Trust Technology AlphaDEX Fund Trading Up 1.7 %

The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 25.10 and a beta of 1.51. The company has a fifty day moving average price of $142.37 and a two-hundred day moving average price of $136.78.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FXL. IronBridge Private Wealth LLC increased its position in shares of First Trust Technology AlphaDEX Fund by 3.9% during the first quarter. IronBridge Private Wealth LLC now owns 30,882 shares of the company’s stock worth $4,164,000 after acquiring an additional 1,148 shares during the period. B. Riley Wealth Advisors Inc. increased its holdings in First Trust Technology AlphaDEX Fund by 7.3% in the first quarter. B. Riley Wealth Advisors Inc. now owns 8,850 shares of the company’s stock valued at $1,193,000 after buying an additional 604 shares during the last quarter. Coppell Advisory Solutions Corp. purchased a new position in shares of First Trust Technology AlphaDEX Fund during the first quarter worth about $1,447,000. Cetera Investment Advisers grew its holdings in shares of First Trust Technology AlphaDEX Fund by 147.4% during the first quarter. Cetera Investment Advisers now owns 66,579 shares of the company’s stock worth $8,976,000 after purchasing an additional 39,665 shares during the last quarter. Finally, Cetera Advisors LLC grew its holdings in shares of First Trust Technology AlphaDEX Fund by 6.2% during the first quarter. Cetera Advisors LLC now owns 43,406 shares of the company’s stock worth $5,852,000 after purchasing an additional 2,515 shares during the last quarter.

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.