First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) Sees Large Volume Increase – Here’s What Happened

Shares of First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) saw unusually-high trading volume on Tuesday . Approximately 99,278 shares changed hands during mid-day trading, an increase of 238% from the previous session’s volume of 29,329 shares.The stock last traded at $121.9690 and had previously closed at $123.66.

First Trust Health Care AlphaDEX Fund Stock Performance

The firm’s fifty day moving average is $117.47 and its 200-day moving average is $114.79. The company has a market capitalization of $975.13 million, a P/E ratio of 16.75 and a beta of 0.73.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FXH. Allied Private Wealth LLC acquired a new stake in shares of First Trust Health Care AlphaDEX Fund during the 2nd quarter valued at $37,000. Advisory Services Network LLC acquired a new position in First Trust Health Care AlphaDEX Fund in the 3rd quarter worth about $42,000. O Shaughnessy Asset Management LLC raised its position in First Trust Health Care AlphaDEX Fund by 1,145.0% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 498 shares of the company’s stock valued at $57,000 after purchasing an additional 458 shares during the last quarter. Smartleaf Asset Management LLC raised its position in First Trust Health Care AlphaDEX Fund by 1,822.7% in the second quarter. Smartleaf Asset Management LLC now owns 846 shares of the company’s stock valued at $87,000 after purchasing an additional 802 shares during the last quarter. Finally, NBC Securities Inc. raised its position in First Trust Health Care AlphaDEX Fund by 18.8% in the fourth quarter. NBC Securities Inc. now owns 867 shares of the company’s stock valued at $99,000 after purchasing an additional 137 shares during the last quarter.

First Trust Health Care AlphaDEX Fund Company Profile

The First Trust Health Care AlphaDEX Fund is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before fees and expenses, of an equity index called the StrataQuant Health Care Index. The StrataQuant Health Care Index is an index developed, maintained and sponsored by the NYSE Group, Inc or its affiliates (NYSE), which employs the AlphaDEX stock selection methodology to select stocks from the Russell 1000 Index.