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

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) saw an uptick in trading volume on Monday . Approximately 148,657 shares were traded during mid-day trading, an increase of 334% from the previous session’s volume of 34,242 shares.The stock last traded at $131.35 and had previously closed at $131.22.

First Trust Health Care AlphaDEX Fund Stock Up 0.1%

The company has a market capitalization of $1.08 billion, a PE ratio of 16.75 and a beta of 0.73. The company’s 50 day moving average is $123.54 and its two-hundred day moving average is $116.55.

Institutional Investors Weigh In On First Trust Health Care AlphaDEX Fund

Several large investors have recently made changes to their positions in the company. Allied Private Wealth LLC purchased a new stake in shares of First Trust Health Care AlphaDEX Fund in the second quarter worth about $37,000. Advisory Services Network LLC bought a new stake in First Trust Health Care AlphaDEX Fund in the 3rd quarter worth approximately $42,000. O Shaughnessy Asset Management LLC raised its holdings in shares of 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 acquiring an additional 458 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of 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 acquiring an additional 802 shares in the last quarter. Finally, NBC Securities Inc. raised its holdings in shares of 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 acquiring an additional 137 shares in the last quarter.

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.