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

First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) shares saw unusually-high trading volume on Tuesday . Approximately 22,888 shares changed hands during mid-day trading, an increase of 11% from the previous session’s volume of 20,658 shares.The stock last traded at $169.9960 and had previously closed at $166.17.

First Trust Technology AlphaDEX Fund Stock Up 1.5%

The firm has a market capitalization of $1.44 billion, a PE ratio of 21.63 and a beta of 1.19. The stock has a 50-day moving average price of $168.38 and a 200 day moving average price of $161.23.

Hedge Funds Weigh In On First Trust Technology AlphaDEX Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. US Bancorp DE increased its stake in shares of First Trust Technology AlphaDEX Fund by 3.7% during the first quarter. US Bancorp DE now owns 20,329 shares of the company’s stock worth $2,689,000 after purchasing an additional 728 shares in the last quarter. IFG Advisory LLC increased its stake in First Trust Technology AlphaDEX Fund by 5.5% during the 1st quarter. IFG Advisory LLC now owns 3,197 shares of the company’s stock worth $423,000 after buying an additional 167 shares in the last quarter. Chicago Partners Investment Group LLC raised its holdings in shares of First Trust Technology AlphaDEX Fund by 1,216.7% during the first quarter. Chicago Partners Investment Group LLC now owns 28,243 shares of the company’s stock valued at $3,938,000 after acquiring an additional 26,098 shares during the last quarter. Kestra Advisory Services LLC raised its holdings in shares of First Trust Technology AlphaDEX Fund by 2.8% during the first quarter. Kestra Advisory Services LLC now owns 20,422 shares of the company’s stock valued at $2,701,000 after acquiring an additional 559 shares during the last quarter. Finally, RPg Family Wealth Advisory LLC purchased a new position in shares of First Trust Technology AlphaDEX Fund in the first quarter valued at approximately $620,000.

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.