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 Tuesday . Approximately 65,809 shares traded hands during trading, an increase of 70% from the previous session’s volume of 38,772 shares.The stock last traded at $115.8590 and had previously closed at $114.32.

First Trust Health Care AlphaDEX Fund Stock Down 0.9%

The stock has a fifty day moving average price of $115.92 and a two-hundred day moving average price of $110.95. The company has a market capitalization of $943.92 million, a price-to-earnings ratio of 16.75 and a beta of 0.78.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FXH. Advisory Services Network LLC purchased a new stake in First Trust Health Care AlphaDEX Fund in the 3rd quarter valued at about $42,000. Hazlett Burt & Watson Inc. grew its holdings in First Trust Health Care AlphaDEX Fund by 62.8% in the second quarter. Hazlett Burt & Watson Inc. now owns 526 shares of the company’s stock valued at $55,000 after purchasing an additional 203 shares during the period. Founders Financial Alliance LLC acquired a new position in First Trust Health Care AlphaDEX Fund during the third quarter worth approximately $55,000. Blue Trust Inc. increased its position in shares of First Trust Health Care AlphaDEX Fund by 49.9% in the second quarter. Blue Trust Inc. now owns 601 shares of the company’s stock worth $62,000 after acquiring an additional 200 shares in the last quarter. Finally, RMG Wealth Management LLC acquired a new stake in First Trust Health Care AlphaDEX Fund during the 2nd quarter valued at $68,000.

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.