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

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) shares saw unusually-strong trading volume on Monday . Approximately 148,657 shares traded hands during trading, an increase of 334% from the previous session’s volume of 34,242 shares.The stock last traded at $131.35 and had previously closed at $131.22.

First Trust Health Care AlphaDEX Fund Stock Up 0.7%

The business’s 50-day simple moving average is $124.12 and its two-hundred day simple moving average is $116.78. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 16.75 and a beta of 0.73.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FXH. Vivaldi Capital Management LP boosted its stake in First Trust Health Care AlphaDEX Fund by 4.4% during the 3rd quarter. Vivaldi Capital Management LP now owns 2,575 shares of the company’s stock valued at $282,000 after purchasing an additional 109 shares during the last quarter. NBC Securities Inc. lifted its holdings 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 valued at $99,000 after purchasing an additional 137 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of First Trust Health Care AlphaDEX Fund by 6.2% during the fourth quarter. International Assets Investment Management LLC now owns 3,888 shares of the company’s stock valued at $442,000 after buying an additional 228 shares during the last quarter. First Heartland Consultants Inc. grew its holdings in First Trust Health Care AlphaDEX Fund by 3.1% during the second quarter. First Heartland Consultants Inc. now owns 9,541 shares of the company’s stock worth $1,168,000 after buying an additional 287 shares in the last quarter. Finally, Allied Private Wealth LLC bought a new stake in First Trust Health Care AlphaDEX Fund during the second quarter worth $37,000.

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.