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

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) shares saw unusually-strong trading volume on Monday . 24,584 shares were traded during trading, a decline of 12% from the previous session’s volume of 27,844 shares.The stock last traded at $124.6840 and had previously closed at $126.20.

First Trust Health Care AlphaDEX Fund Price Performance

The company has a fifty day moving average price of $115.99 and a two-hundred day moving average price of $114.35. The company has a market capitalization of $983.30 million, a P/E ratio of 16.75 and a beta of 0.73.

Hedge Funds Weigh In On First Trust Health Care AlphaDEX Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in FXH. Parallel Advisors LLC grew its stake in shares of First Trust Health Care AlphaDEX Fund by 586.0% in the first quarter. Parallel Advisors LLC now owns 1,372 shares of the company’s stock worth $151,000 after purchasing an additional 1,172 shares during the last quarter. Vivaldi Capital Management LP raised its position in First Trust Health Care AlphaDEX Fund by 18.4% during the 1st quarter. Vivaldi Capital Management LP now owns 3,378 shares of the company’s stock worth $371,000 after purchasing an additional 524 shares during the last quarter. Assetmark Inc. raised its position in First Trust Health Care AlphaDEX Fund by 21.0% during the 1st quarter. Assetmark Inc. now owns 16,897 shares of the company’s stock worth $1,855,000 after purchasing an additional 2,927 shares during the last quarter. Petra Financial Advisors Inc. acquired a new position in First Trust Health Care AlphaDEX Fund during the 1st quarter worth about $218,000. Finally, Kestra Advisory Services LLC lifted its holdings in First Trust Health Care AlphaDEX Fund by 43.4% during the 1st quarter. Kestra Advisory Services LLC now owns 18,466 shares of the company’s stock worth $2,027,000 after buying an additional 5,592 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.