First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) Sees Large Volume Increase – Here’s Why

First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) 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 Up 1.9%

The stock has a market capitalization of $1.35 billion, a P/E ratio of 21.63 and a beta of 1.19. The stock’s 50 day moving average price is $169.20 and its 200-day moving average price is $160.09.

Institutional Investors Weigh In On First Trust Technology AlphaDEX Fund

A number of institutional investors have recently added to or reduced their stakes in the stock. Cetera Investment Advisers raised its holdings in First Trust Technology AlphaDEX Fund by 0.8% in the first quarter. Cetera Investment Advisers now owns 69,073 shares of the company’s stock worth $9,135,000 after purchasing an additional 544 shares in the last quarter. LPL Financial LLC raised its stake in shares of First Trust Technology AlphaDEX Fund by 0.7% in the first quarter. LPL Financial LLC now owns 495,987 shares of the company’s stock worth $65,594,000 after purchasing an additional 3,364 shares during the last quarter. US Bancorp DE raised its position in First Trust Technology AlphaDEX Fund by 3.7% during the 1st quarter. US Bancorp DE now owns 20,329 shares of the company’s stock worth $2,689,000 after buying an additional 728 shares during the last quarter. IFG Advisory LLC lifted its position in First Trust Technology AlphaDEX Fund by 5.5% during the first quarter. IFG Advisory LLC now owns 3,197 shares of the company’s stock valued at $423,000 after purchasing an additional 167 shares during the period. Finally, Chicago Partners Investment Group LLC lifted its holdings in shares of First Trust Technology AlphaDEX Fund by 1,216.7% in the 1st quarter. Chicago Partners Investment Group LLC now owns 28,243 shares of the company’s stock valued at $3,938,000 after buying an additional 26,098 shares during the period.

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.