First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) Sees Unusually-High Trading Volume – Here’s Why

Shares of First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) saw strong trading volume on Friday . 58,076 shares were traded during mid-day trading, an increase of 83% from the previous session’s volume of 31,766 shares.The stock last traded at $126.40 and had previously closed at $127.98.

First Trust Health Care AlphaDEX Fund Price Performance

The firm has a market capitalization of $1.03 billion, a PE ratio of 16.75 and a beta of 0.73. The business’s 50 day moving average is $120.24 and its two-hundred day moving average is $115.54.

Institutional Trading of First Trust Health Care AlphaDEX Fund

Several institutional investors and hedge funds have recently made changes to their positions in FXH. Allied Private Wealth LLC purchased a new stake in shares of First Trust Health Care AlphaDEX Fund during the 2nd quarter valued at $37,000. Advisory Services Network LLC bought a new position in First Trust Health Care AlphaDEX Fund in the third quarter valued at $42,000. O Shaughnessy Asset Management LLC raised its position in First Trust Health Care AlphaDEX Fund by 1,145.0% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 498 shares of the company’s stock valued at $57,000 after purchasing an additional 458 shares in the last quarter. Smartleaf Asset Management LLC raised its position in First Trust Health Care AlphaDEX Fund by 1,822.7% during the second quarter. Smartleaf Asset Management LLC now owns 846 shares of the company’s stock valued at $87,000 after purchasing an additional 802 shares in the last quarter. Finally, NBC Securities Inc. lifted its stake in First Trust Health Care AlphaDEX Fund by 18.8% during the fourth quarter. NBC Securities Inc. now owns 867 shares of the company’s stock worth $99,000 after purchasing an additional 137 shares during the last quarter.

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.