First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) Sees Large Volume Increase – Still a Buy?

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) saw an uptick in trading volume on Monday . 54,744 shares changed hands during mid-day trading, an increase of 138% from the previous session’s volume of 23,015 shares.The stock last traded at $113.90 and had previously closed at $112.52.

First Trust Health Care AlphaDEX Fund Price Performance

The company’s fifty day simple moving average is $111.58 and its 200-day simple moving average is $113.35. The firm has a market capitalization of $873.78 million, a PE ratio of 16.75 and a beta of 0.80.

Institutional Investors Weigh In On First Trust Health Care AlphaDEX Fund

A number of large investors have recently made changes to their positions in the stock. Vivaldi Capital Management LP raised its position in shares of First Trust Health Care AlphaDEX Fund by 4.4% in the third quarter. Vivaldi Capital Management LP now owns 2,575 shares of the company’s stock worth $282,000 after acquiring an additional 109 shares during the period. Insight Advisors LLC PA raised its position in shares of First Trust Health Care AlphaDEX Fund by 3.0% in the third quarter. Insight Advisors LLC PA now owns 3,789 shares of the company’s stock worth $416,000 after acquiring an additional 110 shares during the period. First Heartland Consultants Inc. raised its position in shares of First Trust Health Care AlphaDEX Fund by 1.4% in the third quarter. First Heartland Consultants Inc. now owns 9,420 shares of the company’s stock worth $1,033,000 after acquiring an additional 134 shares during the period. 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 acquiring an additional 137 shares during the period. Finally, Prospera Financial Services Inc raised its position in shares of First Trust Health Care AlphaDEX Fund by 2.6% in the third quarter. Prospera Financial Services Inc now owns 7,121 shares of the company’s stock worth $782,000 after acquiring an additional 179 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.