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

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) saw unusually-high trading volume on Tuesday . Approximately 25,816 shares were traded during mid-day trading, a decline of 15% from the previous session’s volume of 30,366 shares.The stock last traded at $102.54 and had previously closed at $103.60.

First Trust Health Care AlphaDEX Fund Price Performance

The firm has a 50 day moving average of $106.98 and a two-hundred day moving average of $108.11. The stock has a market cap of $966.88 million, a PE ratio of 15.95 and a beta of 0.78.

First Trust Health Care AlphaDEX Fund Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a dividend of $0.0669 per share. The ex-dividend date of this dividend was Thursday, March 27th.

Institutional Investors Weigh In On First Trust Health Care AlphaDEX Fund

Several hedge funds and other institutional investors have recently bought and sold shares of FXH. Blue Trust Inc. acquired a new position in First Trust Health Care AlphaDEX Fund in the fourth quarter valued at $42,000. Ameriflex Group Inc. acquired a new stake in shares of First Trust Health Care AlphaDEX Fund in the 4th quarter valued at about $50,000. Synergy Investment Management LLC purchased a new position in First Trust Health Care AlphaDEX Fund during the 4th quarter worth approximately $56,000. Tucker Asset Management LLC increased its position in 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 buying an additional 102 shares during the period. Finally, Sunbelt Securities Inc. increased its position in First Trust Health Care AlphaDEX Fund by 60.2% during the fourth 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.

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.