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

First Trust Technology AlphaDEX Fund (NYSEARCA:FXLGet Free Report) shares saw unusually-high trading volume on Monday . Approximately 83,173 shares changed hands during trading, an increase of 201% from the previous session’s volume of 27,632 shares.The stock last traded at $140.73 and had previously closed at $144.92.

First Trust Technology AlphaDEX Fund Price Performance

The company has a market capitalization of $1.42 billion, a P/E ratio of 25.10 and a beta of 1.51. The stock’s fifty day simple moving average is $153.65 and its 200-day simple moving average is $146.61.

Institutional Trading of First Trust Technology AlphaDEX Fund

Several hedge funds have recently added to or reduced their stakes in FXL. Lee Danner & Bass Inc. acquired a new stake in First Trust Technology AlphaDEX Fund in the 4th quarter worth $97,000. Tanglewood Legacy Advisors LLC acquired a new stake in First Trust Technology AlphaDEX Fund during the fourth quarter worth about $98,000. EP Wealth Advisors LLC bought a new position in First Trust Technology AlphaDEX Fund during the fourth quarter valued at about $103,000. Physician Wealth Advisors Inc. acquired a new position in First Trust Technology AlphaDEX Fund in the 4th quarter valued at approximately $108,000. Finally, Brown Brothers Harriman & Co. lifted its position in shares of First Trust Technology AlphaDEX Fund by 16.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,160 shares of the company’s stock worth $172,000 after acquiring an additional 160 shares during the period.

About First Trust Technology AlphaDEX Fund

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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.

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