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 . 21,197 shares traded hands during trading, a decline of 26% from the previous session’s volume of 28,638 shares.The stock last traded at $109.61 and had previously closed at $109.72.

First Trust Health Care AlphaDEX Fund Stock Performance

The stock’s fifty day simple moving average is $110.97 and its two-hundred day simple moving average is $107.43. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 19.31 and a beta of 0.76.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in FXH. Fifth Third Bancorp purchased a new position in First Trust Health Care AlphaDEX Fund in the second quarter valued at approximately $33,000. CX Institutional purchased a new position in shares of First Trust Health Care AlphaDEX Fund in the 2nd quarter valued at $36,000. GAMMA Investing LLC lifted its holdings in shares of First Trust Health Care AlphaDEX Fund by 1,500.0% during the 2nd quarter. GAMMA Investing LLC now owns 544 shares of the company’s stock valued at $57,000 after acquiring an additional 510 shares in the last quarter. North Star Investment Management Corp. acquired a new position in shares of First Trust Health Care AlphaDEX Fund during the 1st quarter valued at $71,000. Finally, Russell Investments Group Ltd. purchased a new stake in First Trust Health Care AlphaDEX Fund during the 1st quarter worth $94,000.

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.