First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) Trading 1.4% Higher – Time to Buy?

Shares of First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) traded up 1.4% on Friday . The company traded as high as $203.15 and last traded at $200.00. Approximately 31,187 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 79,016 shares. The stock had previously closed at $197.32.

First Trust Technology AlphaDEX Fund Trading Up 1.4%

The firm has a 50 day moving average price of $206.86 and a 200-day moving average price of $184.73. The firm has a market cap of $2.56 billion, a price-to-earnings ratio of 21.63 and a beta of 1.23.

Hedge Funds Weigh In On First Trust Technology AlphaDEX Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FXL. Hilton Head Capital Partners LLC acquired a new stake in shares of First Trust Technology AlphaDEX Fund in the fourth quarter valued at approximately $42,000. Flagship Harbor Advisors LLC acquired a new position in shares of First Trust Technology AlphaDEX Fund during the 4th quarter worth approximately $46,000. Bessemer Group Inc. lifted its stake in First Trust Technology AlphaDEX Fund by 66.8% in the 1st quarter. Bessemer Group Inc. now owns 387 shares of the company’s stock valued at $62,000 after buying an additional 155 shares in the last quarter. RMG Wealth Management LLC acquired a new stake in First Trust Technology AlphaDEX Fund during the 1st quarter valued at $95,000. Finally, Western Wealth Management LLC purchased a new position in First Trust Technology AlphaDEX Fund during the first 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.