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

Shares of First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) saw unusually-high trading volume on Friday . Approximately 47,752 shares changed hands during trading, an increase of 93% from the previous session’s volume of 24,744 shares.The stock last traded at $151.73 and had previously closed at $148.95.

First Trust Technology AlphaDEX Fund Stock Performance

The firm’s 50 day moving average price is $148.71 and its two-hundred day moving average price is $139.53. The company has a market cap of $1.53 billion, a P/E ratio of 25.10 and a beta of 1.51.

Institutional Investors Weigh In On First Trust Technology AlphaDEX Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Zions Bancorporation N.A. purchased a new stake in First Trust Technology AlphaDEX Fund in the 2nd quarter valued at $123,000. Cypress Wealth Services LLC purchased a new stake in shares of First Trust Technology AlphaDEX Fund in the third quarter valued at about $202,000. TIAA Trust National Association bought a new position in shares of First Trust Technology AlphaDEX Fund during the second quarter valued at about $209,000. Fidelis Capital Partners LLC purchased a new position in First Trust Technology AlphaDEX Fund during the third quarter worth about $219,000. Finally, Daymark Wealth Partners LLC purchased a new position in First Trust Technology AlphaDEX Fund during the second quarter worth about $243,000.

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.