First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) Reaches New 12-Month High – Still a Buy?

First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) hit a new 52-week high during trading 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 stock has a 50-day moving average price of $213.22 and a 200-day moving average price of $199.24. The firm has a market capitalization of $2.90 billion, a PE ratio of 21.63 and a beta of 1.25.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Hilton Head Capital Partners LLC bought a new position in shares of First Trust Technology AlphaDEX Fund during the 4th quarter worth about $42,000. Trust Co. of Vermont bought a new position in First Trust Technology AlphaDEX Fund in the 2nd quarter worth $45,000. Bessemer Group Inc. raised its position in shares of First Trust Technology AlphaDEX Fund by 66.8% in the 1st quarter. Bessemer Group Inc. now owns 387 shares of the company’s stock worth $62,000 after purchasing an additional 155 shares during the last quarter. RMG Wealth Management LLC purchased a new position in shares of First Trust Technology AlphaDEX Fund in the 1st quarter worth $95,000. Finally, Western Wealth Management LLC bought a new position in First Trust Technology AlphaDEX Fund in the 1st quarter worth $103,000.

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. 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.