First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) Trading 2.7% Higher – Should You Buy?

First Trust Technology AlphaDEX Fund (NYSEARCA:FXL)’s share price traded up 2.7% during mid-day trading on Monday . The stock traded as high as $168.90 and last traded at $168.83. 6,068 shares traded hands during trading, a decline of 72% from the average session volume of 21,515 shares. The stock had previously closed at $164.35.

First Trust Technology AlphaDEX Fund Price Performance

The firm has a 50 day moving average of $164.13 and a two-hundred day moving average of $152.30. The stock has a market cap of $1.45 billion, a PE ratio of 21.63 and a beta of 1.19.

Institutional Trading of First Trust Technology AlphaDEX Fund

Several institutional investors have recently modified their holdings of FXL. Corient Private Wealth LLC purchased a new stake in First Trust Technology AlphaDEX Fund in the second quarter valued at $358,000. FSC Wealth Advisors LLC purchased a new stake in shares of First Trust Technology AlphaDEX Fund in the 2nd quarter valued at about $37,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of First Trust Technology AlphaDEX Fund in the 2nd quarter valued at about $334,000. Delos Wealth Advisors LLC purchased a new stake in shares of First Trust Technology AlphaDEX Fund in the 2nd quarter valued at about $197,000. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of First Trust Technology AlphaDEX Fund by 19.4% in the 2nd quarter. Geneos Wealth Management Inc. now owns 752 shares of the company’s stock valued at $118,000 after purchasing an additional 122 shares during 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.