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

Shares of First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) saw an uptick in trading volume on Thursday . 101,239 shares changed hands during mid-day trading, an increase of 228% from the previous session’s volume of 30,860 shares.The stock last traded at $101.95 and had previously closed at $103.35.

First Trust Health Care AlphaDEX Fund Price Performance

The stock’s 50 day moving average price is $107.81 and its two-hundred day moving average price is $108.94. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 14.53 and a beta of 0.76.

Hedge Funds Weigh In On First Trust Health Care AlphaDEX Fund

Large investors have recently bought and sold shares of the stock. Wells Fargo & Company MN lifted its position in shares of First Trust Health Care AlphaDEX Fund by 20.4% in the 4th quarter. Wells Fargo & Company MN now owns 591,085 shares of the company’s stock worth $61,550,000 after acquiring an additional 99,996 shares during the period. Raymond James Financial Inc. acquired a new position in shares of First Trust Health Care AlphaDEX Fund in the fourth quarter valued at $29,979,000. Ameriprise Financial Inc. lifted its position in First Trust Health Care AlphaDEX Fund by 26.3% in the fourth quarter. Ameriprise Financial Inc. now owns 93,193 shares of the company’s stock worth $9,704,000 after purchasing an additional 19,384 shares during the period. Janney Montgomery Scott LLC acquired a new stake in First Trust Health Care AlphaDEX Fund during the fourth quarter worth $8,301,000. Finally, Vestmark Advisory Solutions Inc. increased its holdings in First Trust Health Care AlphaDEX Fund by 0.8% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 64,683 shares of the company’s stock valued at $6,735,000 after buying an additional 525 shares during the period.

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.