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

First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) saw strong trading volume on Thursday . 75,615 shares changed 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 Price Performance

The company’s fifty day moving average is $154.19 and its 200-day moving average is $145.68. The stock has a market cap of $1.52 billion, a PE ratio of 25.10 and a beta of 1.51.

Institutional Trading of First Trust Technology AlphaDEX Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lee Danner & Bass Inc. acquired a new stake in shares of First Trust Technology AlphaDEX Fund in the fourth quarter valued at about $97,000. Tanglewood Legacy Advisors LLC acquired a new stake in shares of First Trust Technology AlphaDEX Fund in the fourth quarter valued at about $98,000. EP Wealth Advisors LLC acquired a new stake in shares of First Trust Technology AlphaDEX Fund in the fourth quarter valued at about $103,000. Physician Wealth Advisors Inc. acquired a new stake in shares of First Trust Technology AlphaDEX Fund in the fourth quarter valued at about $108,000. Finally, Brown Brothers Harriman & Co. grew its position in shares of First Trust Technology AlphaDEX Fund by 16.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 1,160 shares of the company’s stock valued at $172,000 after purchasing an additional 160 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.