First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) Stock Falls 0.6% – Here’s Why

First Trust Technology AlphaDEX Fund (NYSEARCA:FXL)’s stock price traded down 0.6% during mid-day trading on Thursday. The stock traded as low as $219.81 and last traded at $221.08. 14,701 shares changed hands during trading, a decline of 78% from the average session volume of 67,102 shares. The stock had previously closed at $222.33.

First Trust Technology AlphaDEX Fund Stock Down 0.6%

The stock has a market cap of $2.84 billion, a P/E ratio of 21.63 and a beta of 1.25. The business has a 50 day moving average price of $211.49 and a 200 day moving average price of $197.62.

Institutional Trading of First Trust Technology AlphaDEX Fund

A number of large investors have recently made changes to their positions in FXL. Nilsine Partners LLC boosted its position in First Trust Technology AlphaDEX Fund by 6,236.6% in the 2nd quarter. Nilsine Partners LLC now owns 97,521 shares of the company’s stock valued at $21,184,000 after buying an additional 95,982 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of First Trust Technology AlphaDEX Fund by 2.6% during the second quarter. Envestnet Asset Management Inc. now owns 95,685 shares of the company’s stock valued at $20,785,000 after acquiring an additional 2,467 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of First Trust Technology AlphaDEX Fund by 236.7% during the second quarter. NewEdge Advisors LLC now owns 89,362 shares of the company’s stock valued at $19,411,000 after acquiring an additional 62,818 shares in the last quarter. RVW Wealth LLC boosted its holdings in shares of First Trust Technology AlphaDEX Fund by 3.6% in the second quarter. RVW Wealth LLC now owns 63,865 shares of the company’s stock valued at $13,873,000 after purchasing an additional 2,234 shares during the period. Finally, Waverly Advisors LLC boosted its holdings in shares of First Trust Technology AlphaDEX Fund by 10.9% in the second quarter. Waverly Advisors LLC now owns 35,928 shares of the company’s stock valued at $7,804,000 after purchasing an additional 3,518 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. 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.