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

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) shares saw strong trading volume on Monday . Approximately 31,457 shares were traded during mid-day trading, an increase of 21% from the previous session’s volume of 26,088 shares.The stock last traded at $122.5540 and had previously closed at $122.92.

First Trust Health Care AlphaDEX Fund Price Performance

The stock’s 50-day moving average price is $114.94 and its 200 day moving average price is $114.02. The firm has a market cap of $947.17 million, a P/E ratio of 16.75 and a beta of 0.75.

Hedge Funds Weigh In On First Trust Health Care AlphaDEX Fund

Large investors have recently modified their holdings of the business. Advisory Services Network LLC bought a new position in shares of First Trust Health Care AlphaDEX Fund in the 3rd quarter valued at about $42,000. O Shaughnessy Asset Management LLC raised its holdings 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 in the last quarter. Ameriflex Group Inc. boosted its position 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 valued at $70,000 after purchasing an additional 490 shares during the last quarter. Smartleaf Asset Management LLC boosted its position 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 valued at $87,000 after purchasing an additional 802 shares during the last quarter. Finally, NBC Securities Inc. grew its stake 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 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.