First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) Shares Up 0.8% – Should You Buy?

Shares of First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) shot up 0.8% during mid-day trading on Monday . The stock traded as high as $154.70 and last traded at $153.60. 38,172 shares changed hands during trading, an increase of 45% from the average session volume of 26,407 shares. The stock had previously closed at $152.32.

First Trust Technology AlphaDEX Fund Stock Up 0.8 %

The company has a market cap of $1.55 billion, a price-to-earnings ratio of 25.10 and a beta of 1.51. The company has a fifty day simple moving average of $152.13 and a two-hundred day simple moving average of $142.19.

Institutional Trading of First Trust Technology AlphaDEX Fund

Several large investors have recently modified their holdings of FXL. Cypress Wealth Services LLC acquired a new position in shares of First Trust Technology AlphaDEX Fund in the third quarter valued at approximately $202,000. Fidelis Capital Partners LLC acquired a new position in First Trust Technology AlphaDEX Fund in the 3rd quarter valued at $219,000. Daymark Wealth Partners LLC purchased a new position in shares of First Trust Technology AlphaDEX Fund during the 2nd quarter worth $243,000. Advisor Resource Council acquired a new stake in shares of First Trust Technology AlphaDEX Fund during the third quarter worth $262,000. Finally, Park Avenue Securities LLC grew its position in shares of First Trust Technology AlphaDEX Fund by 25.4% in the fourth quarter. Park Avenue Securities LLC now owns 1,970 shares of the company’s stock valued at $293,000 after purchasing an additional 399 shares during the period.

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.