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

Shares of First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) saw an uptick in trading volume on Tuesday . 99,278 shares traded hands during mid-day trading, an increase of 238% from the previous session’s volume of 29,329 shares.The stock last traded at $121.9690 and had previously closed at $123.66.

First Trust Health Care AlphaDEX Fund Stock Up 0.6%

The business has a 50 day simple moving average of $117.80 and a two-hundred day simple moving average of $114.89. The firm has a market cap of $987.17 million, a PE ratio of 16.75 and a beta of 0.73.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FXH. Allied Private Wealth LLC purchased a new position in First Trust Health Care AlphaDEX Fund in the 2nd quarter worth about $37,000. First Heartland Consultants Inc. grew its stake in First Trust Health Care AlphaDEX Fund by 3.1% in the 2nd quarter. First Heartland Consultants Inc. now owns 9,541 shares of the company’s stock worth $1,168,000 after acquiring an additional 287 shares in the last quarter. Pine Valley Investments Ltd Liability Co grew its stake in First Trust Health Care AlphaDEX Fund by 9.8% in the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 5,261 shares of the company’s stock worth $578,000 after acquiring an additional 469 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of First Trust Health Care AlphaDEX Fund by 53.7% during the first quarter. NewEdge Advisors LLC now owns 10,265 shares of the company’s stock worth $1,127,000 after acquiring an additional 3,585 shares during the period. Finally, Arkadios Wealth Advisors increased its position in shares of First Trust Health Care AlphaDEX Fund by 155.1% during the first quarter. Arkadios Wealth Advisors now owns 15,161 shares of the company’s stock worth $1,664,000 after acquiring an additional 9,217 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.