First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) Sees Strong Trading Volume – Here’s What Happened

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXHGet Free Report) shares saw an uptick in trading volume on Friday . Approximately 58,076 shares traded hands during mid-day trading, an increase of 83% from the previous session’s volume of 31,766 shares.The stock last traded at $126.40 and had previously closed at $127.98.

First Trust Health Care AlphaDEX Fund Stock Performance

The firm’s 50 day moving average is $120.48 and its two-hundred day moving average is $115.62. The stock has a market capitalization of $1.04 billion, a PE ratio of 16.75 and a beta of 0.73.

Hedge Funds Weigh In On First Trust Health Care AlphaDEX Fund

Institutional investors have recently modified their holdings of the business. Allied Private Wealth LLC acquired a new stake in shares of First Trust Health Care AlphaDEX Fund in the second quarter valued at $37,000. Advisory Services Network LLC acquired a new position in First Trust Health Care AlphaDEX Fund during the 3rd quarter worth $42,000. O Shaughnessy Asset Management LLC grew its stake in First Trust Health Care AlphaDEX Fund by 1,145.0% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 498 shares of the company’s stock worth $57,000 after purchasing an additional 458 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in First Trust Health Care AlphaDEX Fund by 1,822.7% during the 2nd quarter. Smartleaf Asset Management LLC now owns 846 shares of the company’s stock worth $87,000 after purchasing an additional 802 shares during the period. Finally, NBC Securities Inc. increased its holdings in First Trust Health Care AlphaDEX Fund by 18.8% during the 4th quarter. NBC Securities Inc. now owns 867 shares of the company’s stock worth $99,000 after purchasing an additional 137 shares during the period.

About First Trust Health Care AlphaDEX Fund

(Get Free Report)

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.

Further Reading

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