First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) Sees Unusually-High Trading Volume – Time to Buy?

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) shares saw unusually-high trading volume on Thursday. Approximately 65,744 shares were traded during mid-day trading, an increase of 76% from the previous session’s volume of 37,425 shares. The stock last traded at $126.8610 and had previously closed at $128.80.

First Trust Health Care AlphaDEX Fund Stock Down 1.4%

The business has a fifty day moving average of $131.43 and a 200 day moving average of $121.55. The firm has a market cap of $1.11 billion, a P/E ratio of 16.75 and a beta of 0.72.

Institutional Trading of First Trust Health Care AlphaDEX Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. Ameritas Advisory Services LLC boosted its stake in First Trust Health Care AlphaDEX Fund by 9.4% during the 2nd quarter. Ameritas Advisory Services LLC now owns 2,022 shares of the company’s stock valued at $247,000 after purchasing an additional 173 shares during the last quarter. First Heartland Consultants Inc. raised its stake in shares of First Trust Health Care AlphaDEX Fund by 3.1% in the second quarter. First Heartland Consultants Inc. now owns 9,541 shares of the company’s stock worth $1,168,000 after purchasing an additional 287 shares during the last quarter. Allied Private Wealth LLC bought a new position in shares of First Trust Health Care AlphaDEX Fund in the second quarter valued at approximately $37,000. Security National Bank of Sioux City Iowa IA bought a new position in shares of First Trust Health Care AlphaDEX Fund in the second quarter valued at approximately $39,000. Finally, Silver Grove Financial Group Inc. lifted its holdings in shares of First Trust Health Care AlphaDEX Fund by 12.5% in the fourth quarter. Silver Grove Financial Group Inc. now owns 3,174 shares of the company’s stock valued at $361,000 after purchasing an additional 352 shares in 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.