First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) Hits New 52-Week High – Should You Buy?

First Trust Technology AlphaDEX Fund (NYSEARCA:FXL)’s stock price reached a new 52-week high on Friday . The company traded as high as $152.55 and last traded at $152.04, with a volume of 2150 shares trading hands. The stock had previously closed at $151.43.

First Trust Technology AlphaDEX Fund Stock Up 1.1 %

The firm’s fifty day simple moving average is $141.57 and its 200-day simple moving average is $136.51. The firm has a market capitalization of $1.54 billion, a PE ratio of 25.10 and a beta of 1.51.

Institutional Investors Weigh In On First Trust Technology AlphaDEX Fund

Several institutional investors have recently modified their holdings of the business. Strategic Financial Concepts LLC purchased a new stake in shares of First Trust Technology AlphaDEX Fund during the 2nd quarter valued at about $36,000. Zions Bancorporation N.A. purchased a new stake in First Trust Technology AlphaDEX Fund in the second quarter worth approximately $123,000. Cypress Wealth Services LLC bought a new stake in First Trust Technology AlphaDEX Fund in the 3rd quarter worth approximately $202,000. TIAA Trust National Association bought a new stake in First Trust Technology AlphaDEX Fund in the 2nd quarter worth approximately $209,000. Finally, Fidelis Capital Partners LLC purchased a new stake in First Trust Technology AlphaDEX Fund during the 3rd quarter valued at $219,000.

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.