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

First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) shares saw an uptick in trading volume on Tuesday . 35,120 shares were traded during trading, an increase of 46% from the previous session’s volume of 24,116 shares.The stock last traded at $131.05 and had previously closed at $132.25.

First Trust Technology AlphaDEX Fund Price Performance

The firm has a market cap of $1.21 billion, a PE ratio of 23.56 and a beta of 1.17. The business has a 50-day moving average price of $147.81 and a two-hundred day moving average price of $147.20.

Hedge Funds Weigh In On First Trust Technology AlphaDEX Fund

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

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.