First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) Stock Price Up 0.8% – Here’s Why

First Trust Technology AlphaDEX Fund (NYSEARCA:FXL)’s share price traded up 0.8% during mid-day trading on Monday . The company traded as high as $154.70 and last traded at $153.60. 38,172 shares traded hands during mid-day trading, an increase of 45% from the average session volume of 26,407 shares. The stock had previously closed at $152.32.

First Trust Technology AlphaDEX Fund Price Performance

The stock has a market cap of $1.55 billion, a price-to-earnings ratio of 25.10 and a beta of 1.51. The firm’s 50-day moving average is $152.13 and its 200 day moving average is $142.19.

Institutional Investors Weigh In On First Trust Technology AlphaDEX Fund

A number of institutional investors have recently added to or reduced their stakes in FXL. Cypress Wealth Services LLC purchased a new stake in shares of First Trust Technology AlphaDEX Fund during the 3rd quarter worth about $202,000. Fidelis Capital Partners LLC purchased a new stake in First Trust Technology AlphaDEX Fund during the third quarter worth approximately $219,000. Daymark Wealth Partners LLC acquired a new stake in shares of First Trust Technology AlphaDEX Fund in the second quarter worth $243,000. Advisor Resource Council purchased a new position in shares of First Trust Technology AlphaDEX Fund in the 3rd quarter valued at $262,000. Finally, Park Avenue Securities LLC lifted its holdings in shares of First Trust Technology AlphaDEX Fund by 25.4% during the 4th quarter. Park Avenue Securities LLC now owns 1,970 shares of the company’s stock valued at $293,000 after acquiring an additional 399 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.