First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) Shares Up 1.7% – Time to Buy?

First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) traded up 1.7% on Thursday . The stock traded as high as $214.17 and last traded at $213.63. 12,266 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 71,274 shares. The stock had previously closed at $209.97.

First Trust Technology AlphaDEX Fund Stock Performance

The firm’s 50-day simple moving average is $208.75 and its 200 day simple moving average is $192.26. The company has a market cap of $2.75 billion, a P/E ratio of 21.63 and a beta of 1.24.

Hedge Funds Weigh In On First Trust Technology AlphaDEX Fund

Several institutional investors and hedge funds have recently modified their holdings of the business. Peak Planning Group LLC bought a new stake in shares of First Trust Technology AlphaDEX Fund in the fourth quarter valued at about $808,000. Hilton Head Capital Partners LLC bought a new position in shares of First Trust Technology AlphaDEX Fund during the fourth quarter worth about $42,000. Lowe Brockenbrough & Co. Inc. raised its position in First Trust Technology AlphaDEX Fund by 57.8% in the 4th quarter. Lowe Brockenbrough & Co. Inc. now owns 2,170 shares of the company’s stock valued at $365,000 after buying an additional 795 shares during the last quarter. Beto Financial Group LLC bought a new stake in First Trust Technology AlphaDEX Fund in the 4th quarter valued at approximately $2,486,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in First Trust Technology AlphaDEX Fund by 2.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 8,252 shares of the company’s stock worth $1,389,000 after acquiring an additional 204 shares during the last quarter.

About First Trust Technology AlphaDEX Fund

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.