First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) Sees Unusually-High Trading Volume – Still a Buy?

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) saw unusually-strong trading volume on Tuesday . Approximately 40,596 shares traded hands during mid-day trading, a decline of 0% from the previous session’s volume of 40,748 shares.The stock last traded at $107.78 and had previously closed at $107.28.

First Trust Health Care AlphaDEX Fund Stock Down 0.0 %

The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 19.31 and a beta of 0.76. The business has a 50-day moving average price of $107.49 and a 200-day moving average price of $109.28.

Institutional Investors Weigh In On First Trust Health Care AlphaDEX Fund

A number of large investors have recently modified their holdings of the business. Valley Wealth Managers Inc. purchased a new position in First Trust Health Care AlphaDEX Fund in the 3rd quarter worth $26,000. Blue Trust Inc. purchased a new position in shares of First Trust Health Care AlphaDEX Fund in the fourth quarter worth about $42,000. Synergy Investment Management LLC purchased a new position in shares of First Trust Health Care AlphaDEX Fund in the fourth quarter worth about $56,000. Tucker Asset Management LLC lifted its holdings in shares of First Trust Health Care AlphaDEX Fund by 16.8% during the fourth quarter. Tucker Asset Management LLC now owns 710 shares of the company’s stock worth $74,000 after purchasing an additional 102 shares during the period. Finally, Sunbelt Securities Inc. increased its holdings in First Trust Health Care AlphaDEX Fund by 60.2% in the 4th quarter. Sunbelt Securities Inc. now owns 828 shares of the company’s stock worth $86,000 after buying an additional 311 shares during the period.

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.