First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) Sets New 52-Week Low – Here’s What Happened

First Trust Technology AlphaDEX Fund (NYSEARCA:FXLGet Free Report)’s share price hit a new 52-week low on Friday . The company traded as low as $117.92 and last traded at $116.92, with a volume of 8653 shares changing hands. The stock had previously closed at $125.22.

First Trust Technology AlphaDEX Fund Price Performance

The stock has a market cap of $1.06 billion, a PE ratio of 23.56 and a beta of 1.17. The stock has a 50-day simple moving average of $145.42 and a 200-day simple moving average of $146.93.

Institutional Trading of First Trust Technology AlphaDEX Fund

A number of institutional investors have recently modified their holdings of FXL. Mascagni Wealth Management Inc. acquired a new stake in First Trust Technology AlphaDEX Fund in the 4th quarter valued at $51,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of First Trust Technology AlphaDEX Fund during the 4th quarter valued at about $652,000. ABLE Financial Group LLC acquired a new position in First Trust Technology AlphaDEX Fund during the 4th quarter worth approximately $206,000. Virtue Capital Management LLC boosted its holdings in First Trust Technology AlphaDEX Fund by 0.5% in the 4th quarter. Virtue Capital Management LLC now owns 46,032 shares of the company’s stock worth $6,838,000 after acquiring an additional 227 shares during the period. Finally, Armis Advisers LLC purchased a new stake in shares of First Trust Technology AlphaDEX Fund during the fourth quarter valued at approximately $717,000.

First Trust Technology AlphaDEX Fund Company Profile

(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.

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