First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) Sees Large Volume Increase – Should You Buy?

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) saw unusually-high trading volume on Wednesday . 87,443 shares changed hands during mid-day trading, an increase of 150% from the previous session’s volume of 34,950 shares.The stock last traded at $134.1140 and had previously closed at $133.01.

First Trust Health Care AlphaDEX Fund Trading Up 0.9%

The firm has a fifty day simple moving average of $127.66 and a two-hundred day simple moving average of $118.18. The stock has a market cap of $1.11 billion, a PE ratio of 16.75 and a beta of 0.73.

Institutional Investors Weigh In On First Trust Health Care AlphaDEX Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Perryman Financial Advisory Inc. AD purchased a new position in First Trust Health Care AlphaDEX Fund in the 4th quarter worth approximately $8,277,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of First Trust Health Care AlphaDEX Fund during the 4th quarter valued at $503,000. Hilton Head Capital Partners LLC bought a new stake in shares of First Trust Health Care AlphaDEX Fund during the 4th quarter worth $316,000. OneAscent Financial Services LLC bought a new stake in shares of First Trust Health Care AlphaDEX Fund during the 4th quarter worth $1,181,000. Finally, REAP Financial Group LLC grew its position in First Trust Health Care AlphaDEX Fund by 30.3% in the fourth quarter. REAP Financial Group LLC now owns 2,132 shares of the company’s stock worth $243,000 after acquiring an additional 496 shares in 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.