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

First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) shares saw unusually-strong trading volume on Thursday . 63,978 shares traded hands during mid-day trading, an increase of 258% from the previous session’s volume of 17,886 shares.The stock last traded at $212.7870 and had previously closed at $209.28.

First Trust Technology AlphaDEX Fund Stock Up 2.2%

The stock has a market capitalization of $1.71 billion, a PE ratio of 21.63 and a beta of 1.24. The stock’s 50-day moving average is $194.47 and its 200 day moving average is $177.32.

Institutional Trading of First Trust Technology AlphaDEX Fund

Several large investors have recently made changes to their positions in FXL. OLD National Bancorp IN grew its stake in First Trust Technology AlphaDEX Fund by 2.5% in the 1st quarter. OLD National Bancorp IN now owns 2,390 shares of the company’s stock valued at $380,000 after buying an additional 59 shares during the last quarter. Ashton Thomas Private Wealth LLC boosted its holdings in First Trust Technology AlphaDEX Fund by 0.8% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 7,192 shares of the company’s stock valued at $1,210,000 after acquiring an additional 60 shares during the period. Retirement Planning Group LLC boosted its holdings in First Trust Technology AlphaDEX Fund by 0.7% during the first quarter. Retirement Planning Group LLC now owns 9,511 shares of the company’s stock valued at $1,511,000 after acquiring an additional 62 shares during the period. Kingswood Wealth Advisors LLC grew its position in shares of First Trust Technology AlphaDEX Fund by 4.7% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 1,602 shares of the company’s stock valued at $270,000 after purchasing an additional 72 shares during the last quarter. Finally, Assetmark Inc. grew its position in shares of First Trust Technology AlphaDEX Fund by 16.6% in the fourth quarter. Assetmark Inc. now owns 652 shares of the company’s stock valued at $110,000 after purchasing an additional 93 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. 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.