First Trust Technology AlphaDEX Fund (NYSEARCA:FXL – Get Free Report) shares reached a new 52-week high on Thursday. The stock traded as high as $226.32 and last traded at $225.8760, with a volume of 10379 shares trading hands. The stock had previously closed at $221.00.
First Trust Technology AlphaDEX Fund Price Performance
The firm’s 50 day moving average price is $214.40 and its 200-day moving average price is $199.90. The firm has a market cap of $2.93 billion, a price-to-earnings ratio of 21.63 and a beta of 1.25.
Institutional Investors Weigh In On First Trust Technology AlphaDEX Fund
Large investors have recently made changes to their positions in the company. Nilsine Partners LLC raised its holdings in shares of First Trust Technology AlphaDEX Fund by 6,236.6% in the second quarter. Nilsine Partners LLC now owns 97,521 shares of the company’s stock valued at $21,184,000 after buying an additional 95,982 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in First Trust Technology AlphaDEX Fund by 2.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 95,685 shares of the company’s stock worth $20,785,000 after buying an additional 2,467 shares in the last quarter. NewEdge Advisors LLC grew its holdings in First Trust Technology AlphaDEX Fund by 236.7% during the 2nd quarter. NewEdge Advisors LLC now owns 89,362 shares of the company’s stock worth $19,411,000 after acquiring an additional 62,818 shares during the last quarter. RVW Wealth LLC grew its holdings in First Trust Technology AlphaDEX Fund by 3.6% during the 2nd quarter. RVW Wealth LLC now owns 63,865 shares of the company’s stock worth $13,873,000 after acquiring an additional 2,234 shares during the last quarter. Finally, Waverly Advisors LLC increased its position in First Trust Technology AlphaDEX Fund by 10.9% in the 2nd quarter. Waverly Advisors LLC now owns 35,928 shares of the company’s stock valued at $7,804,000 after acquiring an additional 3,518 shares in the last quarter.
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.
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