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

First Trust Technology AlphaDEX Fund (NYSEARCA:FXL) shares saw an uptick in trading volume on Monday . 45,204 shares changed hands during trading, an increase of 82% from the previous session’s volume of 24,806 shares.The stock last traded at $148.94 and had previously closed at $151.53.

First Trust Technology AlphaDEX Fund Price Performance

The company has a 50-day simple moving average of $149.92 and a 200-day simple moving average of $140.51. The stock has a market cap of $1.51 billion, a PE ratio of 25.10 and a beta of 1.51.

Institutional Investors Weigh In On First Trust Technology AlphaDEX Fund

Several institutional investors have recently modified their holdings of the company. Strategic Financial Concepts LLC purchased a new stake in shares of First Trust Technology AlphaDEX Fund in the 2nd quarter worth about $36,000. Zions Bancorporation N.A. acquired a new position in shares of First Trust Technology AlphaDEX Fund during the 2nd quarter worth approximately $123,000. Cypress Wealth Services LLC purchased a new stake in First Trust Technology AlphaDEX Fund in the 3rd quarter valued at approximately $202,000. TIAA Trust National Association acquired a new stake in First Trust Technology AlphaDEX Fund during the 2nd quarter valued at $209,000. Finally, Fidelis Capital Partners LLC purchased a new position in First Trust Technology AlphaDEX Fund during the third quarter worth $219,000.

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.