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

First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) saw unusually-strong trading volume on Thursday . Approximately 57,612 shares traded hands during mid-day trading, an increase of 263% from the previous session’s volume of 15,878 shares.The stock last traded at $162.8390 and had previously closed at $161.95.

First Trust Technology AlphaDEX Fund Price Performance

The business’s fifty day moving average price is $165.41 and its two-hundred day moving average price is $168.33. The stock has a market capitalization of $1.35 billion, a PE ratio of 21.63 and a beta of 1.19.

Institutional Investors Weigh In On First Trust Technology AlphaDEX Fund

A number of large investors have recently bought and sold shares of FXL. Northwestern Mutual Wealth Management Co. increased its stake in shares of First Trust Technology AlphaDEX Fund by 18,257.7% in 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 purchasing an additional 1,469,383 shares in the last quarter. Virtue Capital Management LLC increased its position in shares of First Trust Technology AlphaDEX Fund by 4,243.0% in the fourth quarter. Virtue Capital Management LLC now owns 43,517 shares of the company’s stock valued at $7,364,000 after buying an additional 42,515 shares in the last quarter. IronBridge Private Wealth LLC acquired a new position in shares of First Trust Technology AlphaDEX Fund during the 3rd quarter worth approximately $5,078,000. LPL Financial LLC lifted its position 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 buying an additional 21,861 shares in the last quarter. Finally, Beto Financial Group LLC acquired a new stake in First Trust Technology AlphaDEX Fund in the 4th quarter valued at $2,486,000.

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. 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.