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

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 were traded during mid-day 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 Performance

The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 25.10 and a beta of 1.51. The business’s 50-day moving average is $152.22 and its two-hundred day moving average is $142.31.

Institutional Trading of First Trust Technology AlphaDEX Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. NewEdge Advisors LLC grew its stake in shares of First Trust Technology AlphaDEX Fund by 27.4% in the second quarter. NewEdge Advisors LLC now owns 85,898 shares of the company’s stock valued at $11,704,000 after buying an additional 18,452 shares in the last quarter. Choice Wealth Advisors LLC grew its stake in shares of First Trust Technology AlphaDEX Fund by 3.0% in the third quarter. Choice Wealth Advisors LLC now owns 60,484 shares of the company’s stock valued at $8,386,000 after buying an additional 1,767 shares in the last quarter. Jane Street Group LLC boosted its position in First Trust Technology AlphaDEX Fund by 98.9% during the third 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 period. Financial Enhancement Group LLC bought a new position in First Trust Technology AlphaDEX Fund during the third quarter worth $6,103,000. Finally, Schrum Private Wealth Management LLC boosted its position in First Trust Technology AlphaDEX Fund by 74.3% during the third quarter. Schrum Private Wealth Management LLC now owns 41,044 shares of the company’s stock worth $5,691,000 after purchasing an additional 17,500 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.