First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) Sees Unusually-High Trading Volume – What’s Next?

Shares of First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) saw an uptick in trading volume on Monday . 31,251 shares were traded during mid-day trading, an increase of 33% from the previous session’s volume of 23,463 shares.The stock last traded at $118.0250 and had previously closed at $118.13.

First Trust Health Care AlphaDEX Fund Price Performance

The business has a 50-day simple moving average of $115.57 and a two-hundred day simple moving average of $110.38. The stock has a market cap of $969.95 million, a price-to-earnings ratio of 16.75 and a beta of 0.78.

Hedge Funds Weigh In On First Trust Health Care AlphaDEX Fund

Several institutional investors and hedge funds have recently modified their holdings of FXH. Assetmark Inc. boosted its position in shares of First Trust Health Care AlphaDEX Fund by 11,639.5% in the fourth quarter. Assetmark Inc. now owns 13,970 shares of the company’s stock valued at $1,590,000 after acquiring an additional 13,851 shares during the period. Flagship Harbor Advisors LLC acquired a new stake in First Trust Health Care AlphaDEX Fund in the 4th quarter worth about $123,000. Sound Income Strategies LLC boosted its holdings in First Trust Health Care AlphaDEX Fund by 516.8% in the 4th quarter. Sound Income Strategies LLC now owns 1,178 shares of the company’s stock valued at $136,000 after purchasing an additional 987 shares during the period. Trueblood Wealth Management LLC raised its position in shares of First Trust Health Care AlphaDEX Fund by 6.5% in the fourth quarter. Trueblood Wealth Management LLC now owns 3,746 shares of the company’s stock valued at $426,000 after buying an additional 229 shares in the last quarter. Finally, Stratos Wealth Partners LTD. boosted its stake in shares of First Trust Health Care AlphaDEX Fund by 2.9% in the fourth quarter. Stratos Wealth Partners LTD. now owns 8,177 shares of the company’s stock valued at $931,000 after buying an additional 229 shares during the period.

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.