First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) Sees Large Volume Increase – What’s Next?

First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) shares saw strong trading volume on Wednesday . 24,349 shares traded hands during trading, an increase of 74% from the previous session’s volume of 14,018 shares.The stock last traded at $163.5260 and had previously closed at $163.73.

First Trust Technology AlphaDEX Fund Stock Up 0.9%

The stock’s 50 day moving average price is $167.99 and its two-hundred day moving average price is $168.47. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 21.63 and a beta of 1.19.

Institutional Investors Weigh In On First Trust Technology AlphaDEX Fund

Several institutional investors have recently made changes to their positions in FXL. Huntington National Bank acquired a new position in First Trust Technology AlphaDEX Fund in the third quarter worth approximately $36,000. FSC Wealth Advisors LLC acquired a new stake in First Trust Technology AlphaDEX Fund in the second quarter valued at approximately $37,000. Optiver Holding B.V. bought a new stake in First Trust Technology AlphaDEX Fund in the third quarter worth approximately $39,000. Hilton Head Capital Partners LLC acquired a new position in shares of First Trust Technology AlphaDEX Fund during the 4th quarter worth $42,000. Finally, Flagship Harbor Advisors LLC acquired a new position in shares of First Trust Technology AlphaDEX Fund during the 4th quarter worth $46,000.

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.