First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) Sets New 12-Month High – Here’s Why

Posted by Amy Steele on Feb 18th, 2025

First Trust Technology AlphaDEX Fund (NYSEARCA:FXL – Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as $159.84 and last traded at $159.27, with a volume of 1637 shares trading hands. The stock had previously closed at $159.11.

First Trust Technology AlphaDEX Fund Trading Up 1.0 %

The stock’s 50 day moving average price is $154.02 and its 200 day moving average price is $145.07. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 25.10 and a beta of 1.51.

Institutional Trading of First Trust Technology AlphaDEX Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Waverly Advisors LLC purchased a new position in First Trust Technology AlphaDEX Fund in the 4th quarter worth approximately $499,000. EP Wealth Advisors LLC purchased a new position in First Trust Technology AlphaDEX Fund in the 4th quarter worth approximately $103,000. Cresset Asset Management LLC purchased a new position in shares of First Trust Technology AlphaDEX Fund during the 4th quarter valued at approximately $499,000. Cetera Investment Advisers boosted its stake in shares of First Trust Technology AlphaDEX Fund by 4.1% during the 4th quarter. Cetera Investment Advisers now owns 68,529 shares of the company’s stock valued at $10,180,000 after buying an additional 2,672 shares during the last quarter. Finally, Captrust Financial Advisors boosted its stake in shares of First Trust Technology AlphaDEX Fund by 6.9% during the 4th quarter. Captrust Financial Advisors now owns 7,190 shares of the company’s stock valued at $1,068,000 after buying an additional 463 shares during the last quarter.

About First Trust Technology AlphaDEX Fund

(Get Free Report)

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.