First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) Sees Strong Trading Volume – Here’s Why

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) shares saw strong trading volume on Friday . 72,402 shares traded hands during mid-day trading, an increase of 217% from the previous session’s volume of 22,864 shares.The stock last traded at $117.5850 and had previously closed at $117.39.

First Trust Health Care AlphaDEX Fund Stock Up 0.3%

The firm has a 50-day moving average price of $113.68 and a two-hundred day moving average price of $113.94. The firm has a market cap of $912.37 million, a PE ratio of 16.75 and a beta of 0.75.

Institutional Investors Weigh In On First Trust Health Care AlphaDEX Fund

Several hedge funds and other institutional investors have recently made changes to their positions in FXH. Advisory Services Network LLC acquired a new stake in shares of First Trust Health Care AlphaDEX Fund in the third quarter valued at approximately $42,000. Founders Financial Alliance LLC acquired a new stake in First Trust Health Care AlphaDEX Fund during the third quarter worth $55,000. O Shaughnessy Asset Management LLC increased its stake in First Trust Health Care AlphaDEX Fund by 1,145.0% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 498 shares of the company’s stock worth $57,000 after acquiring an additional 458 shares during the last quarter. Ameriflex Group Inc. increased its stake in First Trust Health Care AlphaDEX Fund by 322.4% during the third quarter. Ameriflex Group Inc. now owns 642 shares of the company’s stock worth $70,000 after acquiring an additional 490 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in First Trust Health Care AlphaDEX Fund by 1,822.7% during the second quarter. Smartleaf Asset Management LLC now owns 846 shares of the company’s stock worth $87,000 after acquiring an additional 802 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.