First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) Sees Large Volume Increase

First Trust Technology AlphaDEX Fund (NYSEARCA:FXLGet Free Report) saw unusually-high trading volume on Monday . Approximately 22,182 shares traded hands during trading, a decline of 35% from the previous session’s volume of 34,185 shares.The stock last traded at $135.44 and had previously closed at $134.82.

First Trust Technology AlphaDEX Fund Stock Performance

The firm has a fifty day simple moving average of $134.49 and a 200 day simple moving average of $123.73. The company has a market cap of $1.36 billion, a PE ratio of 21.65 and a beta of 1.19.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FXL. International Assets Investment Management LLC purchased a new stake in shares of First Trust Technology AlphaDEX Fund during the fourth quarter worth about $84,319,000. J Arnold Wealth Management Co raised its position in shares of First Trust Technology AlphaDEX Fund by 276,774.4% in the 3rd quarter. J Arnold Wealth Management Co now owns 107,981 shares of the company’s stock valued at $12,002,000 after purchasing an additional 107,942 shares in the last quarter. Raymond James & Associates boosted its stake in shares of First Trust Technology AlphaDEX Fund by 47.6% during the 4th quarter. Raymond James & Associates now owns 298,225 shares of the company’s stock valued at $38,194,000 after buying an additional 96,113 shares during the last quarter. Imprint Wealth LLC acquired a new stake in shares of First Trust Technology AlphaDEX Fund during the second quarter worth approximately $7,979,000. Finally, Valley Wealth Managers Inc. bought a new stake in shares of First Trust Technology AlphaDEX Fund in the third quarter worth $7,760,000.

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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