First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) Sees Strong Trading Volume – Here’s What Happened

First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) shares saw strong trading volume on Friday . 70,208 shares changed hands during mid-day trading, an increase of 239% from the previous session’s volume of 20,731 shares.The stock last traded at $158.3050 and had previously closed at $155.29.

First Trust Technology AlphaDEX Fund Stock Performance

The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 21.63 and a beta of 1.19. The company has a fifty day simple moving average of $169.20 and a two-hundred day simple moving average of $160.09.

Hedge Funds Weigh In On First Trust Technology AlphaDEX Fund

Several large investors have recently added to or reduced their stakes in FXL. Geneos Wealth Management Inc. grew its holdings in First Trust Technology AlphaDEX Fund by 15.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 630 shares of the company’s stock valued at $83,000 after buying an additional 83 shares during the period. JPMorgan Chase & Co. boosted its position in shares of First Trust Technology AlphaDEX Fund by 3.6% in the third quarter. JPMorgan Chase & Co. now owns 2,750 shares of the company’s stock worth $462,000 after acquiring an additional 96 shares during the last quarter. Cresset Asset Management LLC grew its holdings in First Trust Technology AlphaDEX Fund by 3.1% in the second quarter. Cresset Asset Management LLC now owns 3,462 shares of the company’s stock valued at $545,000 after purchasing an additional 104 shares during the period. Stablepoint Partners LLC grew its holdings in First Trust Technology AlphaDEX Fund by 2.6% in the second quarter. Stablepoint Partners LLC now owns 5,788 shares of the company’s stock valued at $911,000 after purchasing an additional 146 shares during the period. Finally, Farther Finance Advisors LLC increased its position in First Trust Technology AlphaDEX Fund by 1.2% during the second quarter. Farther Finance Advisors LLC now owns 12,988 shares of the company’s stock worth $2,044,000 after purchasing an additional 148 shares during 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.