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

Shares of First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) saw strong trading volume on Tuesday . 35,120 shares changed hands during trading, an increase of 46% from the previous session’s volume of 24,116 shares.The stock last traded at $131.05 and had previously closed at $132.25.

First Trust Technology AlphaDEX Fund Price Performance

The business has a 50-day simple moving average of $146.90 and a two-hundred day simple moving average of $147.11. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 23.56 and a beta of 1.17.

Institutional Investors Weigh In On First Trust Technology AlphaDEX Fund

A number of large investors have recently added to or reduced their stakes in the business. Mascagni Wealth Management Inc. bought a new position in First Trust Technology AlphaDEX Fund during the fourth quarter worth $51,000. Lee Danner & Bass Inc. bought a new stake in shares of First Trust Technology AlphaDEX Fund during the 4th quarter worth about $97,000. Tanglewood Legacy Advisors LLC bought a new stake in shares of First Trust Technology AlphaDEX Fund during the 4th quarter worth about $98,000. EP Wealth Advisors LLC acquired a new position in First Trust Technology AlphaDEX Fund in the 4th quarter valued at about $103,000. Finally, Physician Wealth Advisors Inc. bought a new position in First Trust Technology AlphaDEX Fund in the 4th quarter valued at about $108,000.

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.