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 an uptick in trading volume on Tuesday . 38,586 shares were traded during mid-day trading, an increase of 28% from the previous session’s volume of 30,125 shares.The stock last traded at $122.12 and had previously closed at $122.14.

First Trust Health Care AlphaDEX Fund Stock Performance

The firm has a market capitalization of $1.00 billion, a PE ratio of 16.75 and a beta of 0.73. The stock’s 50-day simple moving average is $118.41 and its 200-day simple moving average is $115.06.

Hedge Funds Weigh In On First Trust Health Care AlphaDEX Fund

Institutional investors have recently added to or reduced their stakes in the company. Allied Private Wealth LLC bought a new position in shares of First Trust Health Care AlphaDEX Fund in the 2nd quarter worth about $37,000. Advisory Services Network LLC purchased a new stake in shares of First Trust Health Care AlphaDEX Fund in the 3rd quarter worth approximately $42,000. O Shaughnessy Asset Management LLC grew its stake in shares of 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 worth $57,000 after buying an additional 458 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of First Trust Health Care AlphaDEX Fund by 1,822.7% in the 2nd quarter. Smartleaf Asset Management LLC now owns 846 shares of the company’s stock worth $87,000 after buying an additional 802 shares during the last quarter. Finally, NBC Securities Inc. increased its position in First Trust Health Care AlphaDEX Fund by 18.8% during the 4th quarter. NBC Securities Inc. now owns 867 shares of the company’s stock valued at $99,000 after buying 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.