First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) Hits New 12-Month High – What’s Next?

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

First Trust Technology AlphaDEX Fund Price Performance

The company has a market cap of $1.59 billion, a PE ratio of 25.10 and a beta of 1.51. The company has a fifty day moving average price of $153.69 and a 200 day moving average price of $143.76.

Hedge Funds Weigh In On First Trust Technology AlphaDEX Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in First Trust Technology AlphaDEX Fund during the 4th quarter valued at approximately $65,823,000. Vestmark Advisory Solutions Inc. boosted its stake in shares of First Trust Technology AlphaDEX Fund by 1.0% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 135,178 shares of the company’s stock valued at $20,081,000 after purchasing an additional 1,364 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of First Trust Technology AlphaDEX Fund by 98.9% during the 3rd quarter. Jane Street Group LLC now owns 44,728 shares of the company’s stock worth $6,201,000 after purchasing an additional 22,245 shares during the last quarter. Financial Enhancement Group LLC purchased a new position in First Trust Technology AlphaDEX Fund during the 3rd quarter worth $6,103,000. Finally, Schrum Private Wealth Management LLC raised its holdings in shares of First Trust Technology AlphaDEX Fund by 74.3% in the third quarter. Schrum Private Wealth Management LLC now owns 41,044 shares of the company’s stock worth $5,691,000 after buying an additional 17,500 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.