First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) Sets New 1-Year High – Time to Buy?

Shares of First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $159.59 and last traded at $159.08, with a volume of 6560 shares traded. The stock had previously closed at $156.74.

First Trust Technology AlphaDEX Fund Price Performance

The company has a market cap of $1.58 billion, a price-to-earnings ratio of 25.10 and a beta of 1.51. The firm has a 50 day simple moving average of $153.36 and a 200-day simple moving average of $143.13.

Institutional Investors Weigh In On First Trust Technology AlphaDEX Fund

A number of institutional investors have recently made changes to their positions in the stock. Tanglewood Legacy Advisors LLC purchased a new stake in First Trust Technology AlphaDEX Fund during the 4th quarter worth approximately $98,000. Blue Trust Inc. grew its stake in First Trust Technology AlphaDEX Fund by 85.3% during the 4th quarter. Blue Trust Inc. now owns 1,332 shares of the company’s stock worth $198,000 after purchasing an additional 613 shares in the last quarter. Cypress Wealth Services LLC purchased a new stake in First Trust Technology AlphaDEX Fund during the 3rd quarter worth about $202,000. Onyx Bridge Wealth Group LLC acquired a new stake in First Trust Technology AlphaDEX Fund in the 4th quarter valued at about $212,000. Finally, Sovran Advisors LLC acquired a new stake in First Trust Technology AlphaDEX Fund in the 4th quarter valued at about $212,000.

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.