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

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) saw strong trading volume on Friday . Approximately 58,076 shares were traded during mid-day trading, an increase of 83% from the previous session’s volume of 31,766 shares.The stock last traded at $126.40 and had previously closed at $127.98.

First Trust Health Care AlphaDEX Fund Trading Down 0.8%

The stock has a market capitalization of $1.03 billion, a PE ratio of 16.75 and a beta of 0.73. The firm has a 50-day moving average price of $120.24 and a 200-day moving average price of $115.54.

Institutional Trading of First Trust Health Care AlphaDEX Fund

A number of institutional investors have recently modified their holdings of FXH. Allied Private Wealth LLC purchased a new stake in First Trust Health Care AlphaDEX Fund in the 2nd quarter worth approximately $37,000. Advisory Services Network LLC purchased a new position in shares of First Trust Health Care AlphaDEX Fund during the 3rd quarter valued at $42,000. O Shaughnessy Asset Management LLC increased its holdings in shares of 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 worth $57,000 after purchasing an additional 458 shares during the period. Smartleaf Asset Management LLC raised its position in shares of 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 worth $87,000 after buying an additional 802 shares in the last quarter. Finally, NBC Securities Inc. raised its position in shares of 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 worth $99,000 after buying an additional 137 shares in the last quarter.

About First Trust Health Care AlphaDEX Fund

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.