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

Shares of First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) saw an uptick in trading volume on Wednesday . Approximately 34,593 shares traded hands during 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 Trading Up 0.8%

The stock’s 50-day moving average is $199.64 and its 200-day moving average is $179.11. The stock has a market cap of $1.68 billion, a P/E ratio of 21.63 and a beta of 1.24.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Western Wealth Management LLC bought a new stake in First Trust Technology AlphaDEX Fund during the first quarter worth approximately $103,000. Quantinno Capital Management LP bought a new position in First Trust Technology AlphaDEX Fund during the 1st quarter valued at $264,000. Gateway Wealth Partners LLC boosted its stake in First Trust Technology AlphaDEX Fund by 92.7% during the 1st quarter. Gateway Wealth Partners LLC now owns 6,094 shares of the company’s stock valued at $968,000 after purchasing an additional 2,932 shares in the last quarter. RMG Wealth Management LLC acquired a new position in shares of First Trust Technology AlphaDEX Fund during the 1st quarter valued at $95,000. Finally, Dorsey Wright & Associates bought a new stake in shares of First Trust Technology AlphaDEX Fund in the 1st quarter worth $708,000.

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.