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

First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) shares saw strong trading volume on Monday . 52,673 shares were traded during mid-day trading, an increase of 217% from the previous session’s volume of 16,596 shares.The stock last traded at $219.5240 and had previously closed at $211.63.

First Trust Technology AlphaDEX Fund Stock Performance

The stock has a market cap of $1.76 billion, a price-to-earnings ratio of 21.63 and a beta of 1.22. The business’s 50 day moving average is $180.89 and its 200 day moving average is $172.70.

Institutional Investors Weigh In On First Trust Technology AlphaDEX Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Huntington National Bank purchased a new stake in First Trust Technology AlphaDEX Fund in the 3rd quarter worth approximately $36,000. Optiver Holding B.V. purchased a new stake in First Trust Technology AlphaDEX Fund in the 3rd quarter worth approximately $39,000. Hilton Head Capital Partners LLC purchased a new stake in First Trust Technology AlphaDEX Fund in the 4th quarter worth approximately $42,000. Flagship Harbor Advisors LLC purchased a new stake in First Trust Technology AlphaDEX Fund in the 4th quarter worth approximately $46,000. Finally, Bessemer Group Inc. lifted its position in First Trust Technology AlphaDEX Fund by 66.8% in the 1st quarter. Bessemer Group Inc. now owns 387 shares of the company’s stock worth $62,000 after buying an additional 155 shares in 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.