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

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) shares saw unusually-strong trading volume on Thursday . Approximately 101,239 shares traded hands during trading, an increase of 228% from the previous session’s volume of 30,860 shares.The stock last traded at $101.95 and had previously closed at $103.35.

First Trust Health Care AlphaDEX Fund Stock Up 1.3 %

The stock has a 50 day simple moving average of $107.78 and a 200 day simple moving average of $108.90. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 14.53 and a beta of 0.76.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Tucker Asset Management LLC lifted its holdings in shares of First Trust Health Care AlphaDEX Fund by 16.8% in the fourth quarter. Tucker Asset Management LLC now owns 710 shares of the company’s stock valued at $74,000 after purchasing an additional 102 shares in the last quarter. MGO One Seven LLC lifted its holdings in First Trust Health Care AlphaDEX Fund by 3.2% during the fourth quarter. MGO One Seven LLC now owns 3,537 shares of the company’s stock worth $368,000 after acquiring an additional 109 shares during the period. Pine Valley Investments Ltd Liability Co lifted its holdings in First Trust Health Care AlphaDEX Fund by 3.0% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 3,869 shares of the company’s stock worth $433,000 after acquiring an additional 112 shares during the period. Private Client Services LLC lifted its holdings in First Trust Health Care AlphaDEX Fund by 7.2% during the fourth quarter. Private Client Services LLC now owns 2,186 shares of the company’s stock worth $228,000 after acquiring an additional 146 shares during the period. Finally, Stifel Financial Corp lifted its holdings in First Trust Health Care AlphaDEX Fund by 0.6% during the fourth quarter. Stifel Financial Corp now owns 24,339 shares of the company’s stock worth $2,535,000 after acquiring an additional 151 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.