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

First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $156.65 and last traded at $156.65, with a volume of 1428 shares traded. The stock had previously closed at $155.33.

First Trust Technology AlphaDEX Fund Price Performance

The firm has a 50-day simple moving average of $144.94 and a 200 day simple moving average of $137.89. The stock has a market capitalization of $1.57 billion, a P/E ratio of 25.10 and a beta of 1.51.

Hedge Funds Weigh In On First Trust Technology AlphaDEX Fund

Several large investors have recently modified their holdings of the business. Clarus Wealth Advisors grew its stake in shares of First Trust Technology AlphaDEX Fund by 1.3% in the third quarter. Clarus Wealth Advisors now owns 7,232 shares of the company’s stock worth $1,002,000 after purchasing an additional 90 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of First Trust Technology AlphaDEX Fund by 2.2% in the 2nd quarter. International Assets Investment Management LLC now owns 5,205 shares of the company’s stock valued at $709,000 after buying an additional 114 shares during the last quarter. &PARTNERS increased its stake in shares of First Trust Technology AlphaDEX Fund by 7.6% in the second quarter. &PARTNERS now owns 1,949 shares of the company’s stock valued at $266,000 after buying an additional 138 shares during the period. CWM LLC increased its stake in shares of First Trust Technology AlphaDEX Fund by 2.3% in the second quarter. CWM LLC now owns 8,193 shares of the company’s stock valued at $1,116,000 after buying an additional 188 shares during the period. Finally, SeaCrest Wealth Management LLC raised its position in shares of First Trust Technology AlphaDEX Fund by 5.9% during the third quarter. SeaCrest Wealth Management LLC now owns 3,396 shares of the company’s stock worth $471,000 after acquiring an additional 189 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.