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

Shares of First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) saw unusually-strong trading volume on Thursday . 71,308 shares were traded during mid-day trading, an increase of 110% from the previous session’s volume of 34,037 shares.The stock last traded at $135.0950 and had previously closed at $135.09.

First Trust Health Care AlphaDEX Fund Trading Down 0.9%

The company has a market cap of $1.10 billion, a P/E ratio of 16.75 and a beta of 0.73. The stock’s 50-day moving average price is $126.99 and its 200-day moving average price is $117.89.

Institutional Investors Weigh In On First Trust Health Care AlphaDEX Fund

A number of hedge funds have recently added to or reduced their stakes in FXH. Allied Private Wealth LLC bought a new stake in shares of First Trust Health Care AlphaDEX Fund during the second quarter valued at approximately $37,000. Advisory Services Network LLC bought a new position in shares of First Trust Health Care AlphaDEX Fund in the 3rd quarter worth $42,000. O Shaughnessy Asset Management LLC grew its position in First Trust Health Care AlphaDEX Fund by 1,145.0% in the 4th 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 period. Smartleaf Asset Management LLC increased its stake in First Trust Health Care AlphaDEX Fund by 1,822.7% during the 2nd quarter. Smartleaf Asset Management LLC now owns 846 shares of the company’s stock valued at $87,000 after purchasing an additional 802 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in First Trust Health Care AlphaDEX Fund during the fourth quarter worth $125,000.

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.