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

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXHGet Free Report) saw strong trading volume on Friday . 72,402 shares were traded during trading, an increase of 217% from the previous session’s volume of 22,864 shares.The stock last traded at $117.5850 and had previously closed at $117.39.

First Trust Health Care AlphaDEX Fund Stock Performance

The firm has a market cap of $912.37 million, a PE ratio of 16.75 and a beta of 0.75. The firm has a fifty day simple moving average of $113.68 and a two-hundred day simple moving average of $113.94.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FXH. Advisory Services Network LLC purchased 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 buying an additional 458 shares during the last quarter. Founders Financial Alliance LLC purchased a new position in First Trust Health Care AlphaDEX Fund during the 3rd quarter worth $55,000. Ameriflex Group Inc. grew its stake in First Trust Health Care AlphaDEX Fund by 322.4% during the 3rd quarter. Ameriflex Group Inc. now owns 642 shares of the company’s stock worth $70,000 after buying an additional 490 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its stake 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 buying an additional 802 shares during the last quarter.

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.

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