First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) Hits New 12-Month High – Here’s Why

First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) shares hit a new 52-week high on Friday . The stock traded as high as $187.30 and last traded at $186.9490, with a volume of 2037 shares. The stock had previously closed at $185.60.

First Trust Technology AlphaDEX Fund Trading Up 0.8%

The firm has a market capitalization of $1.51 billion, a PE ratio of 21.63 and a beta of 1.17. The firm has a 50-day moving average of $168.09 and a two-hundred day moving average of $169.22.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in FXL. Huntington National Bank purchased a new position in shares of First Trust Technology AlphaDEX Fund in the 3rd quarter worth $36,000. Optiver Holding B.V. purchased a new position in shares of First Trust Technology AlphaDEX Fund in the 3rd quarter worth $39,000. Hilton Head Capital Partners LLC purchased a new position in shares of First Trust Technology AlphaDEX Fund in the 4th quarter worth $42,000. Flagship Harbor Advisors LLC purchased a new position in shares of First Trust Technology AlphaDEX Fund in the 4th quarter worth $46,000. Finally, Assetmark Inc. raised its position in shares of First Trust Technology AlphaDEX Fund by 16.6% in the 4th quarter. Assetmark Inc. now owns 652 shares of the company’s stock worth $110,000 after buying an additional 93 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. 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.