First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) Sees Unusually-High Trading Volume – Should You Buy?

First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) saw unusually-strong trading volume on Wednesday . 34,593 shares changed hands during mid-day trading, an increase of 87% from the previous session’s volume of 18,496 shares.The stock last traded at $209.4040 and had previously closed at $208.49.

First Trust Technology AlphaDEX Fund Price Performance

The stock has a market capitalization of $1.67 billion, a PE ratio of 21.63 and a beta of 1.24. The business’s fifty day moving average price is $198.17 and its two-hundred day moving average price is $178.59.

Institutional Trading of First Trust Technology AlphaDEX Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its stake in 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 purchasing an additional 1,469,383 shares during the last quarter. LPL Financial LLC raised its stake in shares of First Trust Technology AlphaDEX Fund by 3.9% in the fourth quarter. LPL Financial LLC now owns 576,568 shares of the company’s stock worth $97,025,000 after purchasing an additional 21,861 shares during the last quarter. UBS Group AG raised its stake in shares of First Trust Technology AlphaDEX Fund by 2.8% in the fourth quarter. UBS Group AG now owns 144,319 shares of the company’s stock worth $24,286,000 after purchasing an additional 3,978 shares during the last quarter. Genesee Capital Advisors LLC lifted its holdings in shares of First Trust Technology AlphaDEX Fund by 12.6% during the fourth quarter. Genesee Capital Advisors LLC now owns 116,333 shares of the company’s stock worth $19,577,000 after purchasing an additional 12,999 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in shares of First Trust Technology AlphaDEX Fund by 6.0% during the second quarter. Ameriprise Financial Inc. now owns 89,050 shares of the company’s stock worth $14,013,000 after purchasing an additional 5,022 shares during the period.

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.