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

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) shares saw strong trading volume on Friday . Approximately 32,986 shares changed hands during trading, a decline of 8% from the previous session’s volume of 35,860 shares.The stock last traded at $129.2460 and had previously closed at $129.30.

First Trust Health Care AlphaDEX Fund Stock Performance

The firm’s 50 day moving average price is $129.05 and its two-hundred day moving average price is $119.04. The company has a market cap of $1.07 billion, a P/E ratio of 16.75 and a beta of 0.73.

Institutional Investors Weigh In On First Trust Health Care AlphaDEX Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Allied Private Wealth LLC bought a new position in shares of First Trust Health Care AlphaDEX Fund during the 2nd quarter worth about $37,000. Advisory Services Network LLC acquired a new position in First Trust Health Care AlphaDEX Fund during the 3rd quarter worth approximately $42,000. O Shaughnessy Asset Management LLC raised its stake in First Trust Health Care AlphaDEX Fund by 1,145.0% during 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 period. Smartleaf Asset Management LLC boosted its holdings in 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 acquiring an additional 802 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in First Trust Health Care AlphaDEX Fund in the fourth quarter worth approximately $125,000.

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.