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

First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) shares saw strong trading volume on Thursday . 75,615 shares traded hands during mid-day 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 firm has a 50-day moving average price of $154.24 and a two-hundred day moving average price of $145.41. The company has a market capitalization of $1.57 billion, a P/E ratio of 25.10 and a beta of 1.51.

Institutional Trading of First Trust Technology AlphaDEX Fund

Several institutional investors have recently made changes to their positions in FXL. LPL Financial LLC raised its holdings in shares of First Trust Technology AlphaDEX Fund by 10.2% in the fourth quarter. LPL Financial LLC now owns 492,623 shares of the company’s stock valued at $73,179,000 after buying an additional 45,684 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of First Trust Technology AlphaDEX Fund in the fourth quarter worth about $65,823,000. Vestmark Advisory Solutions Inc. lifted its position in shares of First Trust Technology AlphaDEX Fund by 1.0% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 135,178 shares of the company’s stock worth $20,081,000 after purchasing an additional 1,364 shares in the last quarter. Independent Advisor Alliance bought a new stake in shares of First Trust Technology AlphaDEX Fund during the fourth quarter valued at approximately $11,729,000. Finally, Stifel Financial Corp raised its position in First Trust Technology AlphaDEX Fund by 3.1% in the 4th quarter. Stifel Financial Corp now owns 73,987 shares of the company’s stock worth $10,991,000 after purchasing an additional 2,220 shares during the last quarter.

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.