First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) Reaches New 52-Week High – Here’s Why

First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $147.23 and last traded at $147.23, with a volume of 1255 shares traded. The stock had previously closed at $142.55.

First Trust Technology AlphaDEX Fund Price Performance

The firm has a market cap of $1.49 billion, a PE ratio of 25.10 and a beta of 1.51. The company has a 50-day simple moving average of $137.64 and a 200-day simple moving average of $134.87.

Hedge Funds Weigh In On First Trust Technology AlphaDEX Fund

A number of large investors have recently bought and sold shares of the business. LPL Financial LLC boosted its stake in shares of First Trust Technology AlphaDEX Fund by 7.0% during the second quarter. LPL Financial LLC now owns 456,164 shares of the company’s stock valued at $62,157,000 after purchasing an additional 29,669 shares during the period. Raymond James & Associates grew its stake in First Trust Technology AlphaDEX Fund by 12.7% in the 2nd quarter. Raymond James & Associates now owns 275,271 shares of the company’s stock worth $37,508,000 after acquiring an additional 31,111 shares in the last quarter. RVW Wealth LLC grew its stake in First Trust Technology AlphaDEX Fund by 5.6% in the 2nd quarter. RVW Wealth LLC now owns 194,534 shares of the company’s stock worth $26,507,000 after acquiring an additional 10,260 shares in the last quarter. Commonwealth Equity Services LLC increased its position in shares of First Trust Technology AlphaDEX Fund by 1.7% during the second quarter. Commonwealth Equity Services LLC now owns 135,435 shares of the company’s stock worth $18,454,000 after acquiring an additional 2,249 shares during the period. Finally, NewEdge Advisors LLC raised its stake in shares of First Trust Technology AlphaDEX Fund by 27.4% during the second quarter. NewEdge Advisors LLC now owns 85,898 shares of the company’s stock valued at $11,704,000 after acquiring an additional 18,452 shares in 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.