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

Shares of First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) saw strong trading volume on Thursday . 75,615 shares traded hands during trading, an increase of 232% from the previous session’s volume of 22,787 shares.The stock last traded at $156.24 and had previously closed at $158.97.

First Trust Technology AlphaDEX Fund Stock Down 1.5 %

The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 25.10 and a beta of 1.51. The company’s fifty day simple moving average is $154.24 and its 200 day simple moving average is $145.41.

Institutional Investors Weigh In On First Trust Technology AlphaDEX Fund

Institutional investors have recently made changes to their positions in the company. Proactive Wealth Strategies LLC acquired a new position in shares of First Trust Technology AlphaDEX Fund during the 3rd quarter worth approximately $2,349,000. Tyler Stone Wealth Management boosted its stake in shares of First Trust Technology AlphaDEX Fund by 98.3% in the third quarter. Tyler Stone Wealth Management now owns 4,780 shares of the company’s stock valued at $663,000 after buying an additional 2,369 shares during the period. Advisor Resource Council acquired a new stake in First Trust Technology AlphaDEX Fund during the third quarter worth approximately $262,000. Financial Enhancement Group LLC acquired a new stake in First Trust Technology AlphaDEX Fund during the third quarter worth approximately $6,103,000. Finally, Concurrent Investment Advisors LLC increased its stake in First Trust Technology AlphaDEX Fund by 6.3% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 19,398 shares of the company’s stock worth $2,689,000 after acquiring an additional 1,148 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.