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

Shares of First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) reached a new 52-week high during trading on Friday . The stock traded as high as $152.55 and last traded at $152.04, with a volume of 2150 shares trading hands. The stock had previously closed at $151.43.

First Trust Technology AlphaDEX Fund Stock Up 1.7 %

The company’s 50 day moving average is $142.37 and its 200 day moving average is $136.78. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 25.10 and a beta of 1.51.

Hedge Funds Weigh In On First Trust Technology AlphaDEX Fund

Several institutional investors and hedge funds have recently modified their holdings of FXL. Strategic Financial Concepts LLC acquired a new position in shares of First Trust Technology AlphaDEX Fund in the second quarter valued at about $36,000. Zions Bancorporation N.A. acquired a new stake in First Trust Technology AlphaDEX Fund during the second quarter worth about $123,000. Cypress Wealth Services LLC acquired a new stake in First Trust Technology AlphaDEX Fund during the third quarter worth about $202,000. TIAA Trust National Association acquired a new stake in First Trust Technology AlphaDEX Fund during the second quarter worth about $209,000. Finally, Fidelis Capital Partners LLC acquired a new stake in First Trust Technology AlphaDEX Fund during the third quarter worth about $219,000.

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.