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

Shares of First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) saw strong trading volume on Wednesday . 54,662 shares traded hands during 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 Up 1.4%

The firm has a market capitalization of $1.70 billion, a P/E ratio of 21.63 and a beta of 1.24. The business’s 50 day simple moving average is $190.53 and its two-hundred day simple moving average is $175.94.

Institutional Trading of First Trust Technology AlphaDEX Fund

A number of institutional investors have recently made changes to their positions in FXL. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of First Trust Technology AlphaDEX Fund by 18,257.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,477,431 shares of the company’s stock valued at $248,622,000 after acquiring an additional 1,469,383 shares during the last quarter. Virtue Capital Management LLC boosted its holdings in shares of First Trust Technology AlphaDEX Fund by 4,243.0% during the 4th quarter. Virtue Capital Management LLC now owns 43,517 shares of the company’s stock valued at $7,364,000 after acquiring an additional 42,515 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of First Trust Technology AlphaDEX Fund by 3.9% during the 4th quarter. LPL Financial LLC now owns 576,568 shares of the company’s stock valued at $97,025,000 after acquiring an additional 21,861 shares during the last quarter. Beto Financial Group LLC purchased a new stake in shares of First Trust Technology AlphaDEX Fund during the 4th quarter valued at about $2,486,000. Finally, Genesee Capital Advisors LLC boosted its holdings in shares of First Trust Technology AlphaDEX Fund by 12.6% during the 4th quarter. Genesee Capital Advisors LLC now owns 116,333 shares of the company’s stock valued at $19,577,000 after acquiring an additional 12,999 shares during the last quarter.

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.