First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) Hits New 1-Year High – Time to Buy?

First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) reached a new 52-week high during trading on Friday . The company traded as high as $159.64 and last traded at $159.10, with a volume of 4127 shares trading hands. The stock had previously closed at $157.93.

First Trust Technology AlphaDEX Fund Price Performance

The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 25.10 and a beta of 1.51. The business’s fifty day simple moving average is $153.69 and its 200 day simple moving average is $143.76.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FXL. Tanglewood Legacy Advisors LLC acquired a new stake in shares of First Trust Technology AlphaDEX Fund in the fourth quarter worth $98,000. Blue Trust Inc. boosted its holdings in First Trust Technology AlphaDEX Fund by 85.3% during the fourth quarter. Blue Trust Inc. now owns 1,332 shares of the company’s stock valued at $198,000 after acquiring an additional 613 shares during the period. Sovran Advisors LLC bought a new stake in shares of First Trust Technology AlphaDEX Fund in the fourth quarter valued at approximately $212,000. Onyx Bridge Wealth Group LLC acquired a new stake in First Trust Technology AlphaDEX Fund in the 4th quarter worth $212,000. Finally, Cypress Wealth Services LLC bought a new stake in shares of First Trust Technology AlphaDEX Fund in the 3rd quarter worth approximately $202,000.

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.