Raymond James & Associates Increases Position in First Trust Tech AlphaDEX Fnd (FXL)

Raymond James & Associates raised its holdings in First Trust Tech AlphaDEX Fnd (NYSEARCA:FXL) by 161.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 653,522 shares of the company’s stock after acquiring an additional 403,447 shares during the period. Raymond James & Associates owned approximately 2.03% of First Trust Tech AlphaDEX Fnd worth $33,540,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Two Sigma Securities LLC purchased a new stake in shares of First Trust Tech AlphaDEX Fnd in the 4th quarter valued at about $202,000. Virtue Capital Management LLC purchased a new position in shares of First Trust Tech AlphaDEX Fnd during the 4th quarter valued at about $1,229,000. Dorsey Wright & Associates purchased a new position in shares of First Trust Tech AlphaDEX Fnd during the 4th quarter valued at about $1,751,000. Advisor Group Inc. raised its holdings in shares of First Trust Tech AlphaDEX Fnd by 34.9% during the 4th quarter. Advisor Group Inc. now owns 44,890 shares of the company’s stock valued at $2,304,000 after buying an additional 11,611 shares in the last quarter. Finally, WealthShield LLC purchased a new position in shares of First Trust Tech AlphaDEX Fnd during the 4th quarter valued at about $357,000.

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Shares of NYSEARCA FXL opened at $53.51 on Friday. First Trust Tech AlphaDEX Fnd has a 1-year low of $40.88 and a 1-year high of $59.90.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Friday, March 23rd were issued a dividend of $0.0223 per share. The ex-dividend date of this dividend was Thursday, March 22nd. This represents a $0.09 dividend on an annualized basis and a dividend yield of 0.17%.

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About First Trust Tech AlphaDEX Fnd

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.

Institutional Ownership by Quarter for First Trust Tech AlphaDEX Fnd (NYSEARCA:FXL)

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