First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) Trading Down 0.5% – Here’s Why

First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) fell 0.5% during trading on Tuesday . The stock traded as low as $170.68 and last traded at $171.28. 12,642 shares changed hands during trading, a decline of 37% from the average session volume of 20,157 shares. The stock had previously closed at $172.21.

First Trust Technology AlphaDEX Fund Stock Down 0.5%

The business’s fifty day moving average is $168.98 and its 200-day moving average is $163.75. The company has a market cap of $1.46 billion, a PE ratio of 21.63 and a beta of 1.19.

Institutional Investors Weigh In On First Trust Technology AlphaDEX Fund

A number of hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC lifted its position in shares of First Trust Technology AlphaDEX Fund by 1.2% in the second quarter. Farther Finance Advisors LLC now owns 12,988 shares of the company’s stock valued at $2,044,000 after acquiring an additional 148 shares in the last quarter. LVZ Inc. purchased a new stake in shares of First Trust Technology AlphaDEX Fund during the second quarter worth about $210,000. ABLE Financial Group LLC bought a new stake in First Trust Technology AlphaDEX Fund during the 2nd quarter valued at approximately $210,000. Sovran Advisors LLC purchased a new position in First Trust Technology AlphaDEX Fund in the 2nd quarter worth approximately $220,000. Finally, Focus Financial Network Inc. lifted its holdings in First Trust Technology AlphaDEX Fund by 11.1% in the 2nd quarter. Focus Financial Network Inc. now owns 6,979 shares of the company’s stock worth $1,098,000 after purchasing an additional 699 shares in the last quarter.

First Trust Technology AlphaDEX Fund Company Profile

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. The AMEX constructs the Index by ranking the stocks, which are members of the Russell 1000 Index on growth factors, including 3, 6 and 12-month price appreciation, sales to price and one-year sales growth, and separately on value factors, including book value to price, cash flow to price and return on assets.