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

First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) saw an uptick in trading volume on Wednesday . 67,864 shares changed hands during trading, an increase of 183% from the previous session’s volume of 23,978 shares.The stock last traded at $138.70 and had previously closed at $141.29.

First Trust Technology AlphaDEX Fund Price Performance

The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 23.56 and a beta of 1.17. The business has a fifty day moving average of $149.21 and a 200 day moving average of $147.05.

Hedge Funds Weigh In On First Trust Technology AlphaDEX Fund

A number of hedge funds have recently modified their holdings of the business. Raymond James Financial Inc. purchased a new stake in First Trust Technology AlphaDEX Fund in the 4th quarter valued at about $65,823,000. Independent Advisor Alliance purchased a new stake in shares of First Trust Technology AlphaDEX Fund in the 4th quarter valued at approximately $11,729,000. LPL Financial LLC lifted its holdings in shares of First Trust Technology AlphaDEX Fund by 10.2% in the 4th quarter. LPL Financial LLC now owns 492,623 shares of the company’s stock worth $73,179,000 after acquiring an additional 45,684 shares during the last quarter. Strategic Financial Concepts LLC purchased a new position in shares of First Trust Technology AlphaDEX Fund during the 4th quarter worth approximately $5,129,000. Finally, Navellier & Associates Inc. purchased a new position in shares of First Trust Technology AlphaDEX Fund during the 4th quarter worth approximately $3,334,000.

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.