First Trust Technology AlphaDEX Fund (NYSEARCA:FXL – Get Free Report) shares shot up 0.4% during trading on Wednesday. The company traded as high as $226.35 and last traded at $225.94. 12,537 shares were traded during trading, a decline of 82% from the average daily volume of 67,915 shares. The stock had previously closed at $225.10.
First Trust Technology AlphaDEX Fund Stock Down 3.4%
The stock has a market capitalization of $2.68 billion, a price-to-earnings ratio of 21.63 and a beta of 1.26. The company has a 50 day moving average of $218.98 and a 200 day moving average of $195.29.
Institutional Trading of First Trust Technology AlphaDEX Fund
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Retirement Planning Group LLC increased its holdings in First Trust Technology AlphaDEX Fund by 0.7% in the 1st quarter. Retirement Planning Group LLC now owns 9,511 shares of the company’s stock valued at $1,511,000 after buying an additional 62 shares during the period. Bessemer Group Inc. lifted its holdings in shares of First Trust Technology AlphaDEX Fund by 66.8% during the 1st quarter. Bessemer Group Inc. now owns 387 shares of the company’s stock worth $62,000 after acquiring an additional 155 shares during the period. Trust Co. of Vermont bought a new position in shares of First Trust Technology AlphaDEX Fund during the 2nd quarter worth about $45,000. Choice Wealth Advisors LLC boosted its position in shares of First Trust Technology AlphaDEX Fund by 0.7% during the 3rd quarter. Choice Wealth Advisors LLC now owns 51,611 shares of the company’s stock valued at $11,406,000 after acquiring an additional 379 shares in the last quarter. Finally, Security National Bank of Sioux City Iowa IA acquired a new stake in shares of First Trust Technology AlphaDEX Fund during the 2nd quarter valued at about $127,000.
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. 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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