First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) Sees Large Volume Increase – Should You Buy?

Shares of First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) saw an uptick in trading volume on Wednesday . 54,662 shares changed hands during mid-day trading, an increase of 223% from the previous session’s volume of 16,934 shares.The stock last traded at $203.0460 and had previously closed at $207.63.

First Trust Technology AlphaDEX Fund Trading Down 2.3%

The company has a 50 day moving average price of $188.54 and a 200 day moving average price of $175.25. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 21.63 and a beta of 1.24.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. raised its holdings in First Trust Technology AlphaDEX Fund by 18,257.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,477,431 shares of the company’s stock worth $248,622,000 after acquiring an additional 1,469,383 shares in the last quarter. Virtue Capital Management LLC increased its position in First Trust Technology AlphaDEX Fund by 4,243.0% during the fourth quarter. Virtue Capital Management LLC now owns 43,517 shares of the company’s stock worth $7,364,000 after buying an additional 42,515 shares during the last quarter. LPL Financial LLC increased its position in First Trust Technology AlphaDEX Fund by 3.9% during the fourth quarter. LPL Financial LLC now owns 576,568 shares of the company’s stock worth $97,025,000 after buying an additional 21,861 shares during the last quarter. Beto Financial Group LLC acquired a new position in First Trust Technology AlphaDEX Fund during the fourth quarter worth approximately $2,486,000. Finally, Genesee Capital Advisors LLC increased its position in First Trust Technology AlphaDEX Fund by 12.6% during the fourth quarter. Genesee Capital Advisors LLC now owns 116,333 shares of the company’s stock worth $19,577,000 after buying an additional 12,999 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. 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.