First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) Trading Up 0.2% – Here’s Why

First Trust Technology AlphaDEX Fund (NYSEARCA:FXL)’s stock price rose 0.2% during mid-day trading on Monday . The stock traded as high as $153.83 and last traded at $152.85. Approximately 36,336 shares changed hands during trading, an increase of 60% from the average daily volume of 22,724 shares. The stock had previously closed at $152.57.

First Trust Technology AlphaDEX Fund Price Performance

The firm has a market cap of $1.33 billion, a PE ratio of 22.14 and a beta of 1.18. The company has a 50-day simple moving average of $137.91 and a 200-day simple moving average of $145.55.

Hedge Funds Weigh In On First Trust Technology AlphaDEX Fund

A number of large investors have recently bought and sold shares of FXL. Harbour Investments Inc. lifted its position in shares of First Trust Technology AlphaDEX Fund by 2.3% during the fourth quarter. Harbour Investments Inc. now owns 3,495 shares of the company’s stock worth $519,000 after purchasing an additional 77 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in First Trust Technology AlphaDEX Fund by 15.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 630 shares of the company’s stock worth $83,000 after buying an additional 83 shares during the period. Stephens Inc. AR increased its stake in First Trust Technology AlphaDEX Fund by 0.7% in the 4th quarter. Stephens Inc. AR now owns 16,372 shares of the company’s stock worth $2,432,000 after buying an additional 112 shares during the period. Allworth Financial LP lifted its holdings in First Trust Technology AlphaDEX Fund by 78.3% during the 1st quarter. Allworth Financial LP now owns 255 shares of the company’s stock valued at $34,000 after buying an additional 112 shares in the last quarter. Finally, L & S Advisors Inc boosted its position in First Trust Technology AlphaDEX Fund by 1.0% in the 4th quarter. L & S Advisors Inc now owns 15,454 shares of the company’s stock valued at $2,296,000 after buying an additional 158 shares during the period.

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.