First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) Trading Up 0.1% – Here’s Why

First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) rose 0.1% on Tuesday . The stock traded as high as $175.88 and last traded at $175.15. Approximately 17,991 shares were traded during trading, an increase of 29% from the average daily volume of 13,974 shares. The stock had previously closed at $175.00.

First Trust Technology AlphaDEX Fund Stock Up 0.1%

The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of 21.63 and a beta of 1.19. The stock has a fifty day moving average of $169.02 and a 200-day moving average of $165.77.

Institutional Investors Weigh In On First Trust Technology AlphaDEX Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Stablepoint Partners LLC grew its holdings in shares of First Trust Technology AlphaDEX Fund by 2.9% during the fourth quarter. Stablepoint Partners LLC now owns 6,356 shares of the company’s stock worth $1,070,000 after purchasing an additional 180 shares during the last quarter. First Heartland Consultants Inc. acquired a new stake in shares of First Trust Technology AlphaDEX Fund in the 4th quarter valued at about $200,000. Wealth Enhancement Advisory Services LLC grew its stake in First Trust Technology AlphaDEX Fund by 5.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,984 shares of the company’s stock worth $698,000 after buying an additional 218 shares during the last quarter. GAMMA Investing LLC acquired a new position in First Trust Technology AlphaDEX Fund during the fourth quarter worth approximately $202,000. Finally, JPMorgan Chase & Co. lifted its stake in First Trust Technology AlphaDEX Fund by 3.6% in the third quarter. JPMorgan Chase & Co. now owns 2,750 shares of the company’s stock valued at $462,000 after buying an additional 96 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. 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.