First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) Shares Up 2.8% – Time to Buy?

First Trust Technology AlphaDEX Fund (NYSEARCA:FXL)’s share price was up 2.8% on Monday . The company traded as high as $141.37 and last traded at $141.21. Approximately 16,692 shares changed hands during trading, a decline of 30% from the average daily volume of 23,849 shares. The stock had previously closed at $137.43.

First Trust Technology AlphaDEX Fund Stock Down 1.9 %

The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 23.56 and a beta of 1.17. The firm has a fifty day moving average price of $149.21 and a 200-day moving average price of $147.05.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of FXL. Harbour Investments Inc. increased its position in First Trust Technology AlphaDEX Fund by 2.3% during the fourth quarter. Harbour Investments Inc. now owns 3,495 shares of the company’s stock worth $519,000 after purchasing an additional 77 shares during the last quarter. Stephens Inc. AR grew its stake in shares of First Trust Technology AlphaDEX Fund by 0.7% during the 4th quarter. Stephens Inc. AR now owns 16,372 shares of the company’s stock valued at $2,432,000 after buying an additional 112 shares during the period. Sargent Investment Group LLC increased its holdings in shares of First Trust Technology AlphaDEX Fund by 4.5% during the 4th quarter. Sargent Investment Group LLC now owns 2,795 shares of the company’s stock worth $413,000 after buying an additional 120 shares during the last quarter. Gateway Wealth Partners LLC raised its position in shares of First Trust Technology AlphaDEX Fund by 3.0% in the 4th quarter. Gateway Wealth Partners LLC now owns 4,427 shares of the company’s stock worth $658,000 after buying an additional 128 shares during the period. Finally, L & S Advisors Inc boosted its holdings in First Trust Technology AlphaDEX Fund by 1.0% in the fourth quarter. L & S Advisors Inc now owns 15,454 shares of the company’s stock valued at $2,296,000 after acquiring an additional 158 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.